FirmaIQ
Org.nr 951 336 637 2020 → 2021 Year-over-year analysis

ADVOKAT EVEN RØNVIK AS: årsregnskap 2021 vs 2020

Grew 5% on revenue, cash halved-plus

approved 2022-03-24; registry 2022-03-28; journal 2022 169309

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKAT EVEN RØNVIK AS. Revenue 6.01m NOK → 6.33m NOK (+5.3%). Net result +2.74m NOK → +3.27m NOK. Equity 17.59m NOK → 18.82m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKAT EVEN RØNVIK AS.

At a glance

Scorecard

Revenue
6.01m NOK 6.33m NOK
+5.3%
Operating result
+3.01m NOK +3.31m NOK
+10.1%
Net result
+2.74m NOK +3.27m NOK
+19.2%
Equity
17.59m NOK 18.82m NOK
+7.0%
Cash
10.52m NOK 1.99m NOK
-81.1%
Total assets
18.84m NOK 20.01m NOK
+6.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6.01m NOK to 6.33m NOK (+5.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3.01m NOK → +3.31m NOK (op. margin 50.1% → 52.3%). Calculated

  • ↑

    Net result improved

    Net result +2.74m NOK → +3.27m NOK (net margin 45.7% → 51.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 17.59m NOK → 18.82m NOK (equity ratio 93.4% → 94.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.63m NOK → 1.41m NOK (27% → 22% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 10.52m NOK → 1.99m NOK (-81.1% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (10.52m NOK → 1.99m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation