Org.nr 998 578 957 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET RAFTEVOLL AS: årsregnskap 2023 vs 2022

Grew 49% on revenue, stronger earnings

approved 2024-04-17; registry 2024-05-04; journal 2024 393048

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET RAFTEVOLL AS. Revenue 1.67m NOK → 2.49m NOK (+48.8%). Net result -504.3k NOK → -45.8k NOK. Equity -355.2k NOK → -400.9k NOK.

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

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET RAFTEVOLL AS.

Scorecard

Revenue
1.67m NOK 2.49m NOK
+48.8%
Operating result
-460.7k NOK +64 NOK
+100.0%
Net result
-504.3k NOK -45.8k NOK
+90.9%
Equity
-355.2k NOK -400.9k NOK
-12.9%
Cash
46.4k NOK 50.9k NOK
+9.8%
Total assets
676.9k NOK 648.0k NOK
-4.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.67m NOK to 2.49m NOK (+48.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -460.7k NOK → +64 NOK (op. margin -27.5% → 0.0%). Calculated

  • ↑

    Net result improved

    Net result -504.3k NOK → -45.8k NOK (net margin -30.1% → -1.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 46.4k NOK → 50.9k NOK (+9.8% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -355.2k NOK → -400.9k NOK (equity ratio -52.5% → -61.9%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -61.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 1 345 NOK → 12.6k NOK (+835.0% YoY). Calculated