FirmaIQ
Org.nr 811 880 612 2020 → 2021 Year-over-year analysis

ADVOKAT STIG E. MORTENSEN AS: årsregnskap 2021 vs 2020

Grew 38% on revenue, stronger earnings

approved 2022-03-09; registry 2022-04-21; journal 2022 197687

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKAT STIG E. MORTENSEN AS. Revenue 2.39m NOK → 3.30m NOK (+38.2%). Net result +11.9k NOK → +95.1k NOK. Equity 1.62m NOK → 1.71m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.

Also worth watching: payroll increased; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKAT STIG E. MORTENSEN AS.

At a glance

Scorecard

Revenue
2.39m NOK 3.30m NOK
+38.2%
Operating result
+514 NOK +116 NOK
-77.4%
Net result
+11.9k NOK +95.1k NOK
+701.4%
Equity
1.62m NOK 1.71m NOK
+5.9%
Cash
654.0k NOK 765.0k NOK
+17.0%
Total assets
2.11m NOK 2.37m NOK
+12.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.39m NOK to 3.30m NOK (+38.2% YoY). Calculated

  • ↑

    Net result improved

    Net result +11.9k NOK → +95.1k NOK (net margin 0.5% → 2.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.62m NOK → 1.71m NOK (equity ratio 76.7% → 72.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 654.0k NOK → 765.0k NOK (+17.0% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +514 NOK → +116 NOK (op. margin 0.0% → 0.0%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.76m NOK → 2.37m NOK (73% → 72% of revenue). Calculated

  • ·

    Headcount (årsverk) changed

    Reported FTEs 2.3 → 1.3. Reported fact