ADVOKAT MAGNUS HÅVÅS NERENG AS: årsregnskap 2021 vs 2020
Grew 26% on revenue, stronger earnings
registry 2022-03-10; journal 2022 140457
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT MAGNUS HÅVÅS NERENG AS. Revenue 1.87m NOK → 2.35m NOK (+26.2%). Net result +530.3k NOK → +883.7k NOK. Equity 652.9k NOK → 36.7k NOK.
On the constructive side: revenue rose; net result improved; current ratio back above 1×. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKAT MAGNUS HÅVÅS NERENG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.87m NOK to 2.35m NOK (+26.2% YoY). Calculated
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Net result improved
Net result +530.3k NOK → +883.7k NOK (net margin 28.4% → 37.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.17× → 3.10×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +680.4k NOK → +133.3k NOK (op. margin 36.5% → 5.7%). Calculated
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↓
Equity eroded
Book equity 652.9k NOK → 36.7k NOK (equity ratio 657.2% → 2.4%). Calculated
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↓
Cash fell
Bank deposits 367.8k NOK → 302.0k NOK (-17.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 793.9k NOK → 799.3k NOK (43% → 34% of revenue). Calculated