ADVOKATFIRMAET ØSTBERG AS: årsregnskap 2023 vs 2022
Shrank 67% on revenue, stronger earnings, cash halved-plus
approved 2024-04-28; registry 2024-05-06; journal 2024 394511
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET ØSTBERG AS. Revenue 692.4k NOK → 229.3k NOK (-66.9%). Net result -136.5k NOK → -70.2k NOK. Equity 12.9k NOK → -57.4k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET ØSTBERG AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -136.5k NOK → -70.3k NOK (op. margin -19.7% → -30.7%). Calculated
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Net result improved
Net result -136.5k NOK → -70.2k NOK (net margin -19.7% → -30.6%). Calculated
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Payroll decreased
Salary cost 515.1k NOK → 35.0k NOK (74% → 15% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 692.4k NOK to 229.3k NOK (-66.9% YoY). Calculated
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Equity eroded
Book equity 12.9k NOK → -57.4k NOK (equity ratio 9.3% → -54.4%). Calculated
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Cash fell
Bank deposits 83.8k NOK → 98 NOK (-99.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -54.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation