ADVOKAT ØYEHAUG AS: årsregnskap 2021 vs 2020
Shrank 33% on revenue, stronger earnings
approved 2022-04-29; registry 2022-05-03; journal 2022 248655
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT ØYEHAUG AS. Revenue 3.31m NOK → 2.22m NOK (-33.0%). Net result +310.8k NOK → +587.1k NOK. Equity 1.20m NOK → 1.79m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT ØYEHAUG AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +310.8k NOK → +587.1k NOK (net margin 9.4% → 26.5%). Calculated
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Equity strengthened
Book equity 1.20m NOK → 1.79m NOK (equity ratio 38.0% → 69.1%). Calculated
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Cash rose
Bank deposits 111.4k NOK → 115.5k NOK (+3.7% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.31m NOK to 2.22m NOK (-33.0% YoY). Calculated
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Operating result weakened
Operating result +1.63m NOK → +824.4k NOK (op. margin 49.2% → 37.2%). Calculated
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Payroll up without matching revenue
Salary cost 2 NOK → 2.73m NOK (0% → 123% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 236.7k NOK → 115.4k NOK (-51.3% YoY). Calculated