ADVOKAT EDEL OLSEN AS: årsregnskap 2021 vs 2020
Shrank 17% on revenue, slipped into loss
approved 2022-04-28; registry 2022-05-02; journal 2022 242699
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT EDEL OLSEN AS. Revenue 1.61m NOK → 1.33m NOK (-17.3%). Net result +4 093 NOK → -86.9k NOK. Equity 104.7k NOK → 17.8k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT EDEL OLSEN AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 397.8k NOK → 440.1k NOK (+10.6% YoY). Calculated
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Payroll decreased
Salary cost 1.34m NOK → 1.20m NOK (83% → 90% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.61m NOK to 1.33m NOK (-17.3% YoY). Calculated
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↓
Operating result weakened
Operating result +5 400 NOK → -87.8k NOK (op. margin 0.3% → -6.6%). Calculated
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Fell into a net loss
Net result flipped from 4 093 NOK profit to a loss of 86.9k NOK. Calculated
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Equity eroded
Book equity 104.7k NOK → 17.8k NOK (equity ratio 11.9% → 2.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation