ADVOKAT OLAV MARTIN JENTOFT JR AS: årsregnskap 2021 vs 2020
Grew 10% on revenue, stronger earnings
approved 2022-04-27; registry 2022-04-30; journal 2022 236099
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT OLAV MARTIN JENTOFT JR AS. Revenue 3.03m NOK → 3.34m NOK (+10.4%). Net result +377.6k NOK → +846.7k NOK. Equity 147.0k NOK → 393.7k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 3.03m NOK to 3.34m NOK (+10.4% YoY). Calculated
-
↑
Net result improved
Net result +377.6k NOK → +846.7k NOK (net margin 12.5% → 25.3%). Calculated
-
↑
Equity strengthened
Book equity 147.0k NOK → 393.7k NOK (equity ratio 7.8% → 15.4%). Calculated
-
↑
Payroll decreased
Salary cost 1.74m NOK → 1.32m NOK (57% → 39% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +508.1k NOK → +117.3k NOK (op. margin 16.8% → 3.5%). Calculated
-
↓
Cash fell
Bank deposits 857.9k NOK → 593.9k NOK (-30.8% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 48.13× → 0.53× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated