ADVOKATFIRMAET MIDGAARD & CO AS: årsregnskap 2022 vs 2021
Grew 12% on revenue, stronger earnings, cash halved-plus
approved 2023-05-02; registry 2023-05-04; journal 2023 385532
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMAET MIDGAARD & CO AS. Revenue 4.28m NOK → 4.77m NOK (+11.5%). Net result -315.6k NOK → -248.2k NOK. Equity 610.1k NOK → 362.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET MIDGAARD & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.28m NOK to 4.77m NOK (+11.5% YoY). Calculated
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↑
Operating result improved
Operating result -343.0k NOK → -258.5k NOK (op. margin -8.0% → -5.4%). Calculated
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↑
Net result improved
Net result -315.6k NOK → -248.2k NOK (net margin -7.4% → -5.2%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 610.1k NOK → 362.0k NOK (equity ratio 38.2% → 27.1%). Calculated
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↓
Cash fell
Bank deposits 424.1k NOK → 154.0k NOK (-63.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 71.6k NOK → 3.09m NOK (2% → 65% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 526.5k NOK → 645.4k NOK (+22.6% YoY). Calculated