FirmaIQ
Org.nr 922 157 340 2020 → 2021 Year-over-year analysis

ADVOKAT SVEINUNG ELIASSEN AS: årsregnskap 2021 vs 2020

Shrank 10% on revenue, stronger earnings

approved 2022-04-21; registry 2022-04-25; journal 2022 217764

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKAT SVEINUNG ELIASSEN AS. Revenue 3.15m NOK → 2.82m NOK (-10.4%). Net result +459.9k NOK → +898.5k NOK. Equity 242.8k NOK → 341.3k NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
3.15m NOK 2.82m NOK
-10.4%
Operating result
+873.2k NOK +1.15m NOK
+31.8%
Net result
+459.9k NOK +898.5k NOK
+95.4%
Equity
242.8k NOK 341.3k NOK
+40.5%
Cash
348.0k NOK 884.4k NOK
+154.1%
Total assets
2.45m NOK 1.80m NOK
-26.8%

What improved

  • ↑

    Operating result improved

    Operating result +873.2k NOK → +1.15m NOK (op. margin 27.7% → 40.8%). Calculated

  • ↑

    Net result improved

    Net result +459.9k NOK → +898.5k NOK (net margin 14.6% → 31.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 242.8k NOK → 341.3k NOK (equity ratio 9.9% → 19.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 348.0k NOK → 884.4k NOK (+154.1% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.15m NOK to 2.82m NOK (-10.4% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 681.7k NOK → 1.09m NOK (22% → 39% of revenue). Calculated