Org.nr 919 280 700 2021 → 2022 Year-over-year analysis

ADVOKATFIRMAET ØIVIND ØSTBERG AS: årsregnskap 2022 vs 2021

Grew 90687% on revenue, slipped into loss

approved 2023-05-12; registry 2023-05-22; journal 2023 414537

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMAET ØIVIND ØSTBERG AS. Revenue 1 151 NOK → 1.04m NOK (+90687.1%). Net result +97.8k NOK → -275.3k NOK. Equity 564.6k NOK → 289.3k NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.

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

Scorecard

Revenue
1 151 NOK 1.04m NOK
+90687.1%
Operating result
+126.0k NOK -276.0k NOK
-319.0%
Net result
+97.8k NOK -275.3k NOK
-381.5%
Equity
564.6k NOK 289.3k NOK
-48.8%
Cash
149.4k NOK 145.5k NOK
-2.6%
Total assets
792.0k NOK 516.4k NOK
-34.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 151 NOK to 1.04m NOK (+90687.1% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3790.45bn NOK → 2 NOK (329317604619% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +126.0k NOK → -276.0k NOK (op. margin 10950.1% → -26.4%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 97.8k NOK profit to a loss of 275.3k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 564.6k NOK → 289.3k NOK (equity ratio 71.3% → 56.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 149.4k NOK → 145.5k NOK (-2.6% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.63× → 0.83× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 245.0k NOK → 323.4k NOK. Reported fact