ADVOKAT HOVDA AS: årsregnskap 2021 vs 2020
Shrank 16% on revenue, weaker earnings
approved 2022-04-27; registry 2022-05-02; journal 2022 245311
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT HOVDA AS. Revenue 2.24m NOK → 1.88m NOK (-16.1%). Net result +573.4k NOK → +216.8k NOK. Equity 146.2k NOK → 163.0k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 146.2k NOK → 163.0k NOK (equity ratio 100.0% → 22.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.11× → 1.25×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.24m NOK to 1.88m NOK (-16.1% YoY). Calculated
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↓
Operating result weakened
Operating result +735.2k NOK → +278.8k NOK (op. margin 32.8% → 14.8%). Calculated
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↓
Net result weakened
Net result +573.4k NOK → +216.8k NOK (net margin 25.6% → 11.5%). Calculated
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↓
Cash fell
Bank deposits 493.0k NOK → 375.7k NOK (-23.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 106 NOK → 1.16m NOK (0% → 62% of revenue). Calculated