Org.nr 813 744 082 2020 → 2021 Year-over-year analysis

ADVOKAT ØYSTEIN HANSEN AS: årsregnskap 2021 vs 2020

Grew 173689% on revenue, slipped into loss

approved 2022-04-22; registry 2022-05-09; journal 2022 270260

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKAT ØYSTEIN HANSEN AS. Revenue 1 104 NOK → 1.92m NOK (+173688.7%). Net result +120.1k NOK → -51.8k NOK. Equity 8.21m NOK → 158.8k NOK.

On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Mixed year — gains and pressures both show up.

Scorecard

Revenue
1 104 NOK 1.92m NOK
+173688.7%
Operating result
+163.1k NOK -51.4k NOK
-131.5%
Net result
+120.1k NOK -51.8k NOK
-143.1%
Equity
8.21m NOK 158.8k NOK
-98.1%
Cash
29.0k NOK 89.4k NOK
+208.0%
Total assets
423.8k NOK 339.9k NOK
-19.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 104 NOK to 1.92m NOK (+173688.7% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 29.0k NOK → 89.4k NOK (+208.0% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 624.9k NOK → 569.3k NOK (56607% → 30% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +163.1k NOK → -51.4k NOK (op. margin 14774.1% → -2.7%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 120.1k NOK profit to a loss of 51.8k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 8.21m NOK → 158.8k NOK (equity ratio 1937.4% → 46.7%). Calculated