ADVOKAT SISSEL KNUTSEN HEGDAL AS: årsregnskap 2021 vs 2020
Shrank 63% on revenue, weaker earnings
approved 2022-04-27; registry 2022-06-28; journal 2022 542322
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT SISSEL KNUTSEN HEGDAL AS. Revenue 151.6k NOK → 56.6k NOK (-62.6%). Net result -41.3k NOK → -132.1k NOK. Equity -62.0k NOK → -194.1k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT SISSEL KNUTSEN HEGDAL AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 151.6k NOK to 56.6k NOK (-62.6% YoY). Calculated
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Operating result weakened
Operating result -23.8k NOK → -116.0k NOK (op. margin -15.7% → -204.7%). Calculated
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Net result weakened
Net result -41.3k NOK → -132.1k NOK (net margin -27.2% → -233.2%). Calculated
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Equity eroded
Book equity -62.0k NOK → -194.1k NOK (equity ratio -57.2% → -574.3%). Calculated
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Payroll up without matching revenue
Salary cost 24.4k NOK → 37.7k NOK (16% → 66% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -574.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation