FirmaIQ
Org.nr 927 463 040 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET OTTOSEN AS: årsregnskap 2023 vs 2022

Grew 4403% on revenue, weaker earnings

approved 2024-04-23; registry 2024-04-27; journal 2024 378241

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET OTTOSEN AS. Revenue 85.0k NOK → 3.83m NOK (+4402.5%). Net result +3.77m NOK → +799.5k NOK. Equity 3.26m NOK → 465.9k NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET OTTOSEN AS.

At a glance

Scorecard

Revenue
85.0k NOK 3.83m NOK
+4402.5%
Operating result
+982.6k NOK +26.7k NOK
-97.3%
Net result
+3.77m NOK +799.5k NOK
-78.8%
Equity
3.26m NOK 465.9k NOK
-85.7%
Cash
94.2k NOK 1.69m NOK
+1692.3%
Total assets
580.3k NOK 1.91m NOK
+229.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 85.0k NOK to 3.83m NOK (+4402.5% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 94.2k NOK → 1.69m NOK (+1692.3% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +982.6k NOK → +26.7k NOK (op. margin 1156.1% → 0.7%). Calculated

  • ↓

    Net result weakened

    Net result +3.77m NOK → +799.5k NOK (net margin 4431.2% → 20.9%). Calculated

  • ↓

    Equity eroded

    Book equity 3.26m NOK → 465.9k NOK (equity ratio 562.3% → 24.4%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.59m NOK → 2.04m NOK (1877% → 53% of revenue). Calculated