ADVOKAT MAGNHILD MERINGEN AS: årsregnskap 2021 vs 2020
Grew 174% on revenue, returned to profit
approved 2022-02-16; registry 2022-02-26; journal 2022 125112
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT MAGNHILD MERINGEN AS. Revenue 722.6k NOK → 1.98m NOK (+174.2%). Net result -82.9k NOK → +402.0k NOK. Equity 1.59m NOK → 1.65m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT MAGNHILD MERINGEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 722.6k NOK to 1.98m NOK (+174.2% YoY). Calculated
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Operating result improved
Operating result -139.5k NOK → +205.8k NOK (op. margin -19.3% → 10.4%). Calculated
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Turned profitable
Net result flipped from a loss of 82.9k NOK to a profit of 402.0k NOK. Calculated
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Equity strengthened
Book equity 1.59m NOK → 1.65m NOK (equity ratio 70.1% → 72.3%). Calculated
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Payroll decreased
Salary cost 1.50m NOK → 1.35m NOK (208% → 68% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 458.5k NOK → 386.4k NOK (-15.7% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 1.20m NOK → 1.31m NOK. Reported fact