ADVOKATFIRMAET OTTOSEN AS: årsregnskap 2022 vs 2021
Shrank 82% on revenue, stronger earnings
approved 2023-01-18; registry 2023-02-09; journal 2023 305203
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKATFIRMAET OTTOSEN AS. Revenue 480.8k NOK → 85.0k NOK (-82.3%). Net result +7 255 NOK → +3.77m NOK. Equity 37.3k NOK → 3.26m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET OTTOSEN AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +10.6k NOK → +982.6k NOK (op. margin 2.2% → 1156.1%). Calculated
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Net result improved
Net result +7 255 NOK → +3.77m NOK (net margin 1.5% → 4431.2%). Calculated
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Equity strengthened
Book equity 37.3k NOK → 3.26m NOK (equity ratio 13.6% → 562.3%). Calculated
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Current ratio back above 1×
Current ratio 0.99× → 1.79×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 480.8k NOK to 85.0k NOK (-82.3% YoY). Calculated
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Cash fell
Bank deposits 151.9k NOK → 94.2k NOK (-38.0% YoY). Calculated
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Payroll up without matching revenue
Salary cost 1 253 NOK → 1.59m NOK (0% → 1877% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 29.0k NOK → 13.0k NOK. Reported fact