ADVOKAT DØVIK AS: årsregnskap 2021 vs 2020
Grew 165% on revenue
approved 2022-04-25; registry 2022-05-02; journal 2022 244347
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT DØVIK AS. Revenue 720.9k NOK → 1.91m NOK (+165.2%). Net result +397.4k NOK → +451.0k NOK. Equity 188.5k NOK → 189.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT DØVIK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 720.9k NOK to 1.91m NOK (+165.2% YoY). Calculated
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Operating result improved
Operating result +512.2k NOK → +590.6k NOK (op. margin 71.1% → 30.9%). Calculated
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Net result improved
Net result +397.4k NOK → +451.0k NOK (net margin 55.1% → 23.6%). Calculated
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Equity strengthened
Book equity 188.5k NOK → 189.5k NOK (equity ratio 19.9% → 175.8%). Calculated
What deteriorated
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Cash fell
Bank deposits 420.2k NOK → 364.3k NOK (-13.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.25× → 0.10× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 763.7k NOK → 845.2k NOK (106% → 44% of revenue). Calculated