Org.nr 929 341 600 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET SKEI AS: årsregnskap 2023 vs 2022

Grew 115162% on revenue, weaker earnings

approved 2024-04-18; registry 2024-04-22; journal 2024 367154

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET SKEI AS. Revenue 3 018 NOK → 3.48m NOK (+115162.1%). Net result +883.4k NOK → +252.2k NOK. Equity 983.4k NOK → 235.5k NOK.

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

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET SKEI AS.

Scorecard

Revenue
3 018 NOK 3.48m NOK
+115162.1%
Operating result
+1 129 NOK +1.61m NOK
+142445.5%
Net result
+883.4k NOK +252.2k NOK
-71.5%
Equity
983.4k NOK 235.5k NOK
-76.0%
Cash
1 139 NOK 2.44m NOK
+214142.8%
Total assets
1.57m NOK 2.92m NOK
+85.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3 018 NOK to 3.48m NOK (+115162.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1 129 NOK → +1.61m NOK (op. margin 37.4% → 46.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 1 139 NOK → 2.44m NOK (+214142.8% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +883.4k NOK → +252.2k NOK (net margin 29269.4% → 7.2%). Calculated

  • ↓

    Equity eroded

    Book equity 983.4k NOK → 235.5k NOK (equity ratio 62.4% → 8.1%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 8.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 1 197 NOK → 1.11m NOK (40% → 32% of revenue). Calculated