ADVOKAT KJELL-ARNE MATHISEN AS: årsregnskap 2021 vs 2020
Grew 54% on revenue, slipped into loss, cash halved-plus
approved 2022-04-26; registry 2022-04-28; journal 2022 232718
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT KJELL-ARNE MATHISEN AS. Revenue 655.2k NOK → 1.01m NOK (+54.0%). Net result +109.7k NOK → -86.0k NOK. Equity 58.4k NOK → -27.6k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKAT KJELL-ARNE MATHISEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 655.2k NOK to 1.01m NOK (+54.0% YoY). Calculated
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Payroll decreased
Salary cost 873.7k NOK → 581.8k NOK (133% → 58% of revenue). Calculated
What deteriorated
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Operating result weakened
Operating result +122.5k NOK → -89.5k NOK (op. margin 18.7% → -8.9%). Calculated
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Fell into a net loss
Net result flipped from 109.7k NOK profit to a loss of 86.0k NOK. Calculated
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Equity eroded
Book equity 58.4k NOK → -27.6k NOK (equity ratio 12.9% → -26.4%). Calculated
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Cash fell
Bank deposits 421.8k NOK → 59.2k NOK (-86.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.15× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -26.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 198.0k NOK → 117.6k NOK (-40.6% YoY). Calculated