FirmaIQ
Org.nr 992 404 604 2022 → 2023 Year-over-year analysis

ADVOKATHUSET HORTEN AS: årsregnskap 2023 vs 2022

Stronger earnings

approved 2024-02-08; registry 2024-02-12; journal 2024 305536

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATHUSET HORTEN AS. Revenue 6.96m NOK → 6.95m NOK (-0.2%). Net result +2.00m NOK → +2.44m NOK. Equity 850.0k NOK → 292.3k NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATHUSET HORTEN AS.

At a glance

Scorecard

Revenue
6.96m NOK 6.95m NOK
-0.2%
Operating result
+2.53m NOK +3.03m NOK
+19.9%
Net result
+2.00m NOK +2.44m NOK
+22.0%
Equity
850.0k NOK 292.3k NOK
-65.6%
Cash
1.88m NOK 2.21m NOK
+17.1%
Total assets
4.31m NOK 4.86m NOK
+12.8%

What improved

  • ↑

    Operating result improved

    Operating result +2.53m NOK → +3.03m NOK (op. margin 36.4% → 43.7%). Calculated

  • ↑

    Net result improved

    Net result +2.00m NOK → +2.44m NOK (net margin 28.8% → 35.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.88m NOK → 2.21m NOK (+17.1% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.26m NOK → 2.95m NOK (47% → 42% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.96m NOK to 6.95m NOK (-0.2% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 850.0k NOK → 292.3k NOK (equity ratio 19.7% → 6.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation