ADVOKAT HANNE WESCHE AS: årsregnskap 2021 vs 2020
Stronger earnings
approved 2022-04-19; registry 2022-04-23; journal 2022 212576
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT HANNE WESCHE AS. Revenue 2.70m NOK → 2.83m NOK (+4.8%). Net result +687.3k NOK → +961.4k NOK. Equity 2.93m NOK → 1.89m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKAT HANNE WESCHE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.70m NOK to 2.83m NOK (+4.8% YoY). Calculated
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↑
Net result improved
Net result +687.3k NOK → +961.4k NOK (net margin 25.5% → 34.0%). Calculated
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↑
Cash rose
Bank deposits 3.42m NOK → 3.42m NOK (+0.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +766.9k NOK → +33.3k NOK (op. margin 28.4% → 1.2%). Calculated
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↓
Equity eroded
Book equity 2.93m NOK → 1.89m NOK (equity ratio 57.1% → 36.7%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.18m NOK → 1.31m NOK (44% → 46% of revenue). Calculated
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COGS fell
COGS / varekostnad 47.1k NOK → 24.7k NOK (-47.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.08bn NOK → 1 083 NOK. Reported fact