ADVOKATFIRMAET KNUTSEN AS: årsregnskap 2023 vs 2022
Grew 95% on revenue, returned to profit, cash halved-plus
approved 2024-04-22; registry 2024-04-25; journal 2024 374786
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET KNUTSEN AS. Revenue 500.2k NOK → 974.8k NOK (+94.9%). Net result -10.3k NOK → +16.6k NOK. Equity 47.2k NOK → 63.8k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET KNUTSEN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 500.2k NOK to 974.8k NOK (+94.9% YoY). Calculated
-
↑
Operating result improved
Operating result -11.1k NOK → +18.9k NOK (op. margin -2.2% → 1.9%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 10.3k NOK to a profit of 16.6k NOK. Calculated
-
↑
Equity strengthened
Book equity 47.2k NOK → 63.8k NOK (equity ratio 36.3% → 29.6%). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 21.7k NOK → 5 991 NOK (-72.4% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 2.30m NOK → 2.63m NOK (460% → 270% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 14.5k NOK → 6 505 NOK (-55.2% YoY). Calculated