ADVOKATFIRMAET HORNELAND AS: årsregnskap 2023 vs 2022
Shrank 30% on revenue, weaker earnings, cash halved-plus
approved 2024-04-29; registry 2024-05-04; journal 2024 391140
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET HORNELAND AS. Revenue 3.14m NOK → 2.19m NOK (-30.4%). Net result +678.8k NOK → +270.0k NOK. Equity 338.7k NOK → 608.7k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET HORNELAND AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 338.7k NOK → 608.7k NOK (equity ratio 17.8% → 41.6%). Calculated
-
↑
Payroll decreased
Salary cost 1.69m NOK → 1.17m NOK (54% → 53% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.14m NOK to 2.19m NOK (-30.4% YoY). Calculated
-
↓
Operating result weakened
Operating result +869.3k NOK → +321.6k NOK (op. margin 27.6% → 14.7%). Calculated
-
↓
Net result weakened
Net result +678.8k NOK → +270.0k NOK (net margin 21.6% → 12.3%). Calculated
-
↓
Cash fell
Bank deposits 915.4k NOK → 90.6k NOK (-90.1% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 42.0k NOK → 74.3k NOK (+77.1% YoY). Calculated
Things to notice
-
·
Headcount (årsverk) changed
Reported FTEs 1.2 → 1. Reported fact