FirmaIQ
Org.nr 917 502 765 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET SHAH AS: årsregnskap 2023 vs 2022

Grew 21% on revenue, stronger earnings

approved 2024-04-29; registry 2024-05-04; journal 2024 392426

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET SHAH AS. Revenue 6.67m NOK → 8.10m NOK (+21.4%). Net result +1.44m NOK → +2.03m NOK. Equity 1.71m NOK → 3.74m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

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

At a glance

Scorecard

Revenue
6.67m NOK 8.10m NOK
+21.4%
Operating result
+1.86m NOK +2.70m NOK
+45.5%
Net result
+1.44m NOK +2.03m NOK
+41.2%
Equity
1.71m NOK 3.74m NOK
+118.5%
Cash
2.12m NOK 1.24m NOK
-41.8%
Total assets
4.05m NOK 5.62m NOK
+38.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6.67m NOK to 8.10m NOK (+21.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.86m NOK → +2.70m NOK (op. margin 27.8% → 33.4%). Calculated

  • ↑

    Net result improved

    Net result +1.44m NOK → +2.03m NOK (net margin 21.5% → 25.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.71m NOK → 3.74m NOK (equity ratio 42.3% → 66.6%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 2.12m NOK → 1.24m NOK (-41.8% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2.99m NOK → 3.46m NOK (45% → 43% of revenue). Calculated