ADVOKAT ERIK VATNE AS: årsregnskap 2021 vs 2020
Grew 139% on revenue, slipped into loss
approved 2022-03-15; registry 2022-03-17; journal 2022 151759
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT ERIK VATNE AS. Revenue 366.1k NOK → 873.3k NOK (+138.5%). Net result +115.6k NOK → -21.9k NOK. Equity 9.14m NOK → 10.12m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; fell into a net loss.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT ERIK VATNE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 366.1k NOK to 873.3k NOK (+138.5% YoY). Calculated
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↑
Equity strengthened
Book equity 9.14m NOK → 10.12m NOK (equity ratio 3767.9% → 4202.4%). Calculated
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↑
Cash rose
Bank deposits 152.6k NOK → 205.8k NOK (+34.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +146.6k NOK → -22.2k NOK (op. margin 40.1% → -2.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 115.6k NOK profit to a loss of 21.9k NOK. Calculated
Things to notice
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·
Payroll increased
Salary cost 76.9k NOK → 3.58m NOK (21% → 410% of revenue). Calculated