FirmaIQ
Org.nr 989 523 716 2021 → 2022 Year-over-year analysis

ADVOKATFIRMAET MIDTHJELL AS: årsregnskap 2022 vs 2021

Shrank 7% on revenue, slipped into loss

approved 2023-04-24; registry 2023-06-19; journal 2023 494319

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMAET MIDTHJELL AS. Revenue 3.15m NOK → 2.93m NOK (-7.1%). Net result +572.2k NOK → -261.6k NOK. Equity 39.19m NOK → 38.92m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET MIDTHJELL AS.

At a glance

Scorecard

Revenue
3.15m NOK 2.93m NOK
-7.1%
Operating result
+492.2k NOK -361.0k NOK
-173.3%
Net result
+572.2k NOK -261.6k NOK
-145.7%
Equity
39.19m NOK 38.92m NOK
-0.7%
Total assets
39.35m NOK 39.28m NOK
-0.2%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.15m NOK to 2.93m NOK (-7.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +492.2k NOK → -361.0k NOK (op. margin 15.6% → -12.3%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 572.2k NOK profit to a loss of 261.6k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 39.19m NOK → 38.92m NOK (equity ratio 99.6% → 99.1%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 822.8k NOK → 1.07m NOK (26% → 36% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 9.14m NOK → 16.73m NOK. Reported fact