ADVOKAT TORE SVEEN AS: årsregnskap 2021 vs 2020
Grew 265% on revenue, weaker earnings
approved 2022-06-23; registry 2022-06-27; journal 2022 525564
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT TORE SVEEN AS. Revenue 142.8k NOK → 521.5k NOK (+265.3%). Net result +878.8k NOK → +339.2k NOK. Equity 4.90m NOK → 6.41m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT TORE SVEEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 142.8k NOK to 521.5k NOK (+265.3% YoY). Calculated
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Operating result improved
Operating result +31.4k NOK → +385.1k NOK (op. margin 22.0% → 73.9%). Calculated
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Equity strengthened
Book equity 4.90m NOK → 6.41m NOK (equity ratio 56.1% → 71.0%). Calculated
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Cash rose
Bank deposits 206.9k NOK → 542.4k NOK (+162.2% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +878.8k NOK → +339.2k NOK (net margin 615.7% → 65.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 195 NOK → 9 136 NOK (2% → 2% of revenue). Calculated