ADVOKAT STEIN ÅGE MARTINSEN AS: årsregnskap 2021 vs 2020
Shrank 41% on revenue, weaker earnings
approved 2022-04-26; registry 2022-05-18; journal 2022 233648
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT STEIN ÅGE MARTINSEN AS. Revenue 1.60m NOK → 939.6k NOK (-41.3%). Net result -106.3k NOK → -384.0k NOK. Equity 308.1k NOK → -75.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKAT STEIN ÅGE MARTINSEN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 42.8k NOK → 186.8k NOK (+336.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.60m NOK to 939.6k NOK (-41.3% YoY). Calculated
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↓
Operating result weakened
Operating result -98.5k NOK → -368.6k NOK (op. margin -6.2% → -39.2%). Calculated
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↓
Net result weakened
Net result -106.3k NOK → -384.0k NOK (net margin -6.6% → -40.9%). Calculated
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↓
Equity eroded
Book equity 308.1k NOK → -75.8k NOK (equity ratio 26.6% → -17.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.07m NOK → 4.16m NOK (67% → 443% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -17.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Headcount (årsverk) changed
Reported FTEs 2 → 1. Reported fact