ADVOKAT CATO SIMONSEN AS: årsregnskap 2021 vs 2020
Grew 8% on revenue, returned to profit
approved 2022-02-17; registry 2022-06-22; journal 2022 492074
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT CATO SIMONSEN AS. Revenue 4.92m NOK → 5.29m NOK (+7.5%). Net result -1.26m NOK → +1.41m NOK. Equity 1.43m NOK → 2.84m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.92m NOK to 5.29m NOK (+7.5% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 1.26m NOK to a profit of 1.41m NOK. Calculated
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↑
Equity strengthened
Book equity 1.43m NOK → 2.84m NOK (equity ratio 30.4% → 66.8%). Calculated
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↑
Payroll decreased
Salary cost 2.90m NOK → 2.65m NOK (59% → 50% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +977.1k NOK → +797.8k NOK (op. margin 19.9% → 15.1%). Calculated
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↓
Cash fell
Bank deposits 3.48m NOK → 2.53m NOK (-27.4% YoY). Calculated