ADVOKAT JAN HAMMERSENG AS: årsregnskap 2021 vs 2020
Shrank 28% on revenue, slipped into loss
approved 2022-04-26; registry 2022-04-28; journal 2022 234022
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT JAN HAMMERSENG AS. Revenue 481.9k NOK → 348.0k NOK (-27.8%). Net result +97.1k NOK → -76.9k NOK. Equity -61.1k NOK → -138.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT JAN HAMMERSENG AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.20m NOK → 159.7k NOK (456% → 46% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 481.9k NOK to 348.0k NOK (-27.8% YoY). Calculated
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↓
Operating result weakened
Operating result +97.6k NOK → -76.7k NOK (op. margin 20.2% → -22.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 97.1k NOK profit to a loss of 76.9k NOK. Calculated
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↓
Equity eroded
Book equity -61.1k NOK → -138.0k NOK (equity ratio -22.8% → -60.6%). Calculated
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↓
Cash fell
Bank deposits 216.2k NOK → 141.7k NOK (-34.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -60.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation