ADVOKATHUSET NORD AS: årsregnskap 2022 vs 2021
Stronger earnings
approved 2023-04-03; registry 2023-04-24; journal 2023 367032
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVOKATHUSET NORD AS. Revenue 9.44m NOK → 9.05m NOK (-4.1%). Net result +1.36m NOK → +2.07m NOK. Equity 4.74m NOK → 60.0k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATHUSET NORD AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +1.72m NOK → +2.60m NOK (op. margin 18.3% → 28.7%). Calculated
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Net result improved
Net result +1.36m NOK → +2.07m NOK (net margin 14.4% → 22.9%). Calculated
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Payroll decreased
Salary cost 5.06m NOK → 4.06m NOK (54% → 45% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.44m NOK to 9.05m NOK (-4.1% YoY). Calculated
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↓
Equity eroded
Book equity 4.74m NOK → 60.0k NOK (equity ratio 71.5% → 0.9%). Calculated
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↓
Cash fell
Bank deposits 4.61m NOK → 3.43m NOK (-25.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.41× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 276.9k NOK → 427.5k NOK (+54.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 2.22m NOK → 60.0k NOK — check capital reduction, conversion, or reclassification. Interpretation