ADVOKAT, REVISOR RISHOVD AS: årsregnskap 2021 vs 2020
Grew 18% on revenue, weaker earnings
approved 2022-02-14; registry 2022-02-16; journal 2022 116648
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT, REVISOR RISHOVD AS. Revenue 2.37m NOK → 2.79m NOK (+17.6%). Net result +129.6k NOK → +41.1k NOK. Equity 317.2k NOK → 158.3k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKAT, REVISOR RISHOVD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.37m NOK to 2.79m NOK (+17.6% YoY). Calculated
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↑
Operating result improved
Operating result +166.2k NOK → +431.0k NOK (op. margin 7.0% → 15.5%). Calculated
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Cash rose
Bank deposits 3 NOK → 3.92m NOK (+130622166.7% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +129.6k NOK → +41.1k NOK (net margin 5.5% → 1.5%). Calculated
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↓
Equity eroded
Book equity 317.2k NOK → 158.3k NOK (equity ratio 16.5% → 6.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2.09m NOK → 2.21m NOK (88% → 79% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 800 NOK → 16.9k NOK (+2018.8% YoY). Calculated