ADVOKAT SIGVALD ARNE MORTVEIT AS: årsregnskap 2021 vs 2020
Shrank 20% on revenue, slipped into loss
approved 2022-04-25; registry 2022-04-27; journal 2022 227491
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT SIGVALD ARNE MORTVEIT AS. Revenue 1.13m NOK → 902.3k NOK (-20.0%). Net result +77.1k NOK → -162.8k NOK. Equity 927.9k NOK → 765.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 6.49m NOK → 3.41m NOK (575% → 378% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.13m NOK to 902.3k NOK (-20.0% YoY). Calculated
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↓
Operating result weakened
Operating result +98.5k NOK → -144.1k NOK (op. margin 8.7% → -16.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 77.1k NOK profit to a loss of 162.8k NOK. Calculated
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↓
Equity eroded
Book equity 927.9k NOK → 765.1k NOK (equity ratio 81.8% → 64.0%). Calculated
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↓
Cash fell
Bank deposits 16.3k NOK → 10.1k NOK (-38.2% YoY). Calculated