ADVOKAT MADS TORRISSEN AS: årsregnskap 2021 vs 2020
Grew 37% on revenue, stronger earnings
approved 2022-04-22; registry 2022-04-25; journal 2022 221688
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT MADS TORRISSEN AS. Revenue 726.8k NOK → 993.9k NOK (+36.8%). Net result +19.3k NOK → +320.8k NOK. Equity 12.72m NOK → 12 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVOKAT MADS TORRISSEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 726.8k NOK to 993.9k NOK (+36.8% YoY). Calculated
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↑
Operating result improved
Operating result +94.5k NOK → +410.5k NOK (op. margin 13.0% → 41.3%). Calculated
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↑
Net result improved
Net result +19.3k NOK → +320.8k NOK (net margin 2.7% → 32.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 12.72m NOK → 12 NOK (equity ratio 1503.5% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 120.9k NOK → 68.3k NOK (-43.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 50.0k NOK → 580 NOK. Reported fact