ADVOKAT SIVERTSVIK AS: årsregnskap 2021 vs 2020
Shrank 89% on revenue, returned to profit
approved 2022-04-27; registry 2022-04-30; journal 2022 237903
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT SIVERTSVIK AS. Revenue 866.7k NOK → 97.1k NOK (-88.8%). Net result -4 649 NOK → +55.1k NOK. Equity 27.5k NOK → 82.6k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT SIVERTSVIK AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -5 548 NOK → +70.9k NOK (op. margin -0.6% → 73.0%). Calculated
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Turned profitable
Net result flipped from a loss of 4 649 NOK to a profit of 55.1k NOK. Calculated
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Equity strengthened
Book equity 27.5k NOK → 82.6k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 866.7k NOK to 97.1k NOK (-88.8% YoY). Calculated
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↓
Cash fell
Bank deposits 99.4k NOK → 51.0k NOK (-48.7% YoY). Calculated
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Payroll up without matching revenue
Salary cost 103.1k NOK → 148.6k NOK (12% → 153% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 427.2k NOK → 575 NOK (-99.9% YoY). Calculated