ADVOKATFIRMAET PROPERTY LAW AS: årsregnskap 2023 vs 2022
Grew 223018% on revenue, stronger earnings, cash halved-plus
approved 2024-04-29; registry 2024-05-02; journal 2024 387093
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET PROPERTY LAW AS. Revenue 1 459 NOK → 3.26m NOK (+223018.1%). Net result +292.9k NOK → +664.6k NOK. Equity 322.9k NOK → 200.1k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET PROPERTY LAW AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1 459 NOK to 3.26m NOK (+223018.1% YoY). Calculated
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↑
Net result improved
Net result +292.9k NOK → +664.6k NOK (net margin 20076.8% → 20.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +378.6k NOK → +125.9k NOK (op. margin 25951.0% → 3.9%). Calculated
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↓
Equity eroded
Book equity 322.9k NOK → 200.1k NOK (equity ratio 17.8% → 6.0%). Calculated
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↓
Cash fell
Bank deposits 620.7k NOK → 167.9k NOK (-73.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation