ADVOKAT HELGHEIM AS: årsregnskap 2021 vs 2020
Grew 32% on revenue, weaker earnings
approved 2022-04-28; registry 2022-05-02; journal 2022 244637
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT HELGHEIM AS. Revenue 2.62m NOK → 3.44m NOK (+31.6%). Net result +936.5k NOK → +376.2k NOK. Equity 3.47m NOK → 2.35m NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT HELGHEIM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.62m NOK to 3.44m NOK (+31.6% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +936.5k NOK → +376.2k NOK (net margin 35.8% → 10.9%). Calculated
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↓
Equity eroded
Book equity 3.47m NOK → 2.35m NOK (equity ratio 80.3% → 71.6%). Calculated
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↓
Cash fell
Bank deposits 3.53m NOK → 2.59m NOK (-26.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.11m NOK → 1.40m NOK (42% → 41% of revenue). Calculated