ADVOKATFIRMAET MIDGAARD & CO AS: årsregnskap 2023 vs 2022
Shrank 7% on revenue, returned to profit
approved 2024-04-29; registry 2024-05-11; journal 2024 403742
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET MIDGAARD & CO AS. Revenue 4.77m NOK → 4.45m NOK (-6.6%). Net result -248.2k NOK → +311.2k NOK. Equity 362.0k NOK → 673.2k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET MIDGAARD & CO AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -258.5k NOK → +286.6k NOK (op. margin -5.4% → 6.4%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 248.2k NOK to a profit of 311.2k NOK. Calculated
-
↑
Equity strengthened
Book equity 362.0k NOK → 673.2k NOK (equity ratio 27.1% → 47.5%). Calculated
-
↑
Cash rose
Bank deposits 154.0k NOK → 644.5k NOK (+318.6% YoY). Calculated
-
↑
Payroll decreased
Salary cost 3.09m NOK → 2.55m NOK (65% → 57% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 4.77m NOK to 4.45m NOK (-6.6% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 645.4k NOK → 426.6k NOK (-33.9% YoY). Calculated
-
·
Headcount (årsverk) changed
Reported FTEs 6 → 4. Reported fact