ADVOKAT LINE GULBRANDSEN AS: årsregnskap 2021 vs 2020
Shrank 5% on revenue, weaker earnings
approved 2022-04-26; registry 2022-04-28; journal 2022 231836
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT LINE GULBRANDSEN AS. Revenue 1.88m NOK → 1.78m NOK (-5.3%). Net result +412.2k NOK → +273.9k NOK. Equity 510.5k NOK → 784.4k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT LINE GULBRANDSEN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 510.5k NOK → 784.4k NOK (equity ratio 54.7% → 497.1%). Calculated
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↑
Payroll decreased
Salary cost 1.86m NOK → 956.6k NOK (99% → 54% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.88m NOK to 1.78m NOK (-5.3% YoY). Calculated
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↓
Operating result weakened
Operating result +534.6k NOK → +353.2k NOK (op. margin 28.5% → 19.9%). Calculated
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↓
Net result weakened
Net result +412.2k NOK → +273.9k NOK (net margin 22.0% → 15.4%). Calculated
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↓
Cash fell
Bank deposits 411.0k NOK → 368.4k NOK (-10.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.29× → 0.15× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 5 104 NOK. Reported fact