ADVOKAT VEGARD AUSTGULEN AS: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus
registry 2022-04-27; journal 2022 229473
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT VEGARD AUSTGULEN AS. Revenue 1.82m NOK → 1.79m NOK (-1.5%). Net result +83.0k NOK → +30.3k NOK. Equity 56.4k NOK → 86.7k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 56.4k NOK → 86.7k NOK (equity ratio 9.8% → 12.3%). Calculated
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↑
Payroll decreased
Salary cost 1.25m NOK → 1.20m NOK (69% → 67% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.82m NOK to 1.79m NOK (-1.5% YoY). Calculated
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↓
Operating result weakened
Operating result +113.0k NOK → +44.7k NOK (op. margin 6.2% → 2.5%). Calculated
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↓
Net result weakened
Net result +83.0k NOK → +30.3k NOK (net margin 4.6% → 1.7%). Calculated
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↓
Cash fell
Bank deposits 970.8k NOK → 291.7k NOK (-70.0% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 2 000 NOK → 19.6k NOK (+879.8% YoY). Calculated