ADVOKAT LØVDAL AS: årsregnskap 2021 vs 2020
Weaker earnings
approved 2022-03-04; registry 2022-03-10; journal 2022 141503
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT LØVDAL AS. Revenue 1.75m NOK → 1.70m NOK (-3.2%). Net result +178.4k NOK → +136.5k NOK. Equity 654.0k NOK → 790.6k NOK.
On the constructive side: equity strengthened. 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 LØVDAL AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 654.0k NOK → 790.6k NOK (equity ratio 69.8% → 1793.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.75m NOK to 1.70m NOK (-3.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +231.5k NOK → +182.6k NOK (op. margin 13.2% → 10.7%). Calculated
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↓
Net result weakened
Net result +178.4k NOK → +136.5k NOK (net margin 10.2% → 8.0%). Calculated
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↓
Cash fell
Bank deposits 472.1k NOK → 463.3k NOK (-1.9% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 807.5k NOK → 889.2k NOK (46% → 52% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 3 200 NOK. Reported fact