ADVOKAT VEST AS: årsregnskap 2021 vs 2020
Grew 5% on revenue, returned to profit, cash halved-plus
approved 2022-05-23; registry 2022-05-30; journal 2022 366020
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT VEST AS. Revenue 454.6k NOK → 477.4k NOK (+5.0%). Net result -84.8k NOK → +10.7k NOK. Equity -77.5k NOK → -66.8k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT VEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 454.6k NOK to 477.4k NOK (+5.0% YoY). Calculated
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Operating result improved
Operating result -63.9k NOK → +21.9k NOK (op. margin -14.0% → 4.6%). Calculated
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Turned profitable
Net result flipped from a loss of 84.8k NOK to a profit of 10.7k NOK. Calculated
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Equity strengthened
Book equity -77.5k NOK → -66.8k NOK (equity ratio -56.4% → -118.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 13.3k NOK → 3 188 NOK (-76.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -118.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation