ADVOKAT TROND BITI AS: årsregnskap 2021 vs 2020
Grew 22% on revenue, cash halved-plus
approved 2022-03-21; registry 2022-03-23; journal 2022 160643
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT TROND BITI AS. Revenue 2.09m NOK → 2.56m NOK (+22.2%). Net result +14.5k NOK → +5 204 NOK. Equity 34.4k NOK → 39.6k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKAT TROND BITI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.09m NOK to 2.56m NOK (+22.2% YoY). Calculated
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↑
Equity strengthened
Book equity 34.4k NOK → 39.6k NOK (equity ratio 3.3% → 2.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +15.3k NOK → +6 685 NOK (op. margin 0.7% → 0.3%). Calculated
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↓
Net result weakened
Net result +14.5k NOK → +5 204 NOK (net margin 0.7% → 0.2%). Calculated
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↓
Cash fell
Bank deposits 956.0k NOK → 414.9k NOK (-56.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.63m NOK → 2.11m NOK (78% → 83% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 44.0k NOK → 6 349 NOK (-85.6% YoY). Calculated