ADVOKATFIRMAET JESSEN AS: årsregnskap 2022 vs 2021
Shrank 6% on revenue, weaker earnings, cash halved-plus
approved 2023-01-15; registry 2023-01-17; journal 2023 301305
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMAET JESSEN AS. Revenue 2.48m NOK → 2.32m NOK (-6.4%). Net result +829.5k NOK → +372.6k NOK. Equity 862.6k NOK → 44.6k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET JESSEN AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +41.4k NOK → +451.4k NOK (op. margin 1.7% → 19.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.48m NOK to 2.32m NOK (-6.4% YoY). Calculated
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↓
Net result weakened
Net result +829.5k NOK → +372.6k NOK (net margin 33.5% → 16.1%). Calculated
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↓
Equity eroded
Book equity 862.6k NOK → 44.6k NOK (equity ratio 55.1% → 2.3%). Calculated
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↓
Cash fell
Bank deposits 804.1k NOK → 124.5k NOK (-84.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 842.6k NOK → 1.22m NOK (34% → 53% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation