ADVOKATHUSET VELAND OG THINGVOLD AS: årsregnskap 2023 vs 2022
Returned to profit
approved 2024-04-22; registry 2024-04-29; journal 2024 382761
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ADVOKATHUSET VELAND OG THINGVOLD AS. Revenue 4.93m NOK → 4.81m NOK (-2.3%). Net result -276.5k NOK → +538.5k NOK. Equity 694.2k NOK → 30.0k NOK.
On the constructive side: operating result improved; turned profitable; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATHUSET VELAND OG THINGVOLD AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -276.5k NOK → +597.9k NOK (op. margin -5.6% → 12.4%). Calculated
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Turned profitable
Net result flipped from a loss of 276.5k NOK to a profit of 538.5k NOK. Calculated
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Payroll decreased
Salary cost 3.30m NOK → 1.92m NOK (67% → 40% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.93m NOK to 4.81m NOK (-2.3% YoY). Calculated
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↓
Equity eroded
Book equity 694.2k NOK → 30.0k NOK (equity ratio 33.5% → 1.3%). Calculated
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↓
Cash fell
Bank deposits 639.1k NOK → 545.0k NOK (-14.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation