ADVOKAT FRANK OVE KVALVIK AS: årsregnskap 2021 vs 2020
Grew 110% on revenue, weaker earnings, cash halved-plus
approved 2022-04-29; registry 2022-05-02; journal 2022 247995
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT FRANK OVE KVALVIK AS. Revenue 923.8k NOK → 1.94m NOK (+109.9%). Net result +193.4k NOK → +151.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
923.8k NOK
1.94m NOK
+109.9%
Operating result
+234.5k NOK
+190.5k NOK
-18.8%
Net result
+193.4k NOK
+151.2k NOK
-21.8%
Equity
n/m
1.61m NOK
—
Cash
955.2k NOK
433.7k NOK
-54.6%
Total assets
2.00m NOK
1.94m NOK
-2.8%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 923.8k NOK to 1.94m NOK (+109.9% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +234.5k NOK → +190.5k NOK (op. margin 25.4% → 9.8%). Calculated
-
↓
Net result weakened
Net result +193.4k NOK → +151.2k NOK (net margin 20.9% → 7.8%). Calculated
-
↓
Cash fell
Bank deposits 955.2k NOK → 433.7k NOK (-54.6% YoY). Calculated