ADVOKAT WENCHE LØSET AS: årsregnskap 2021 vs 2020
Grew 17% on revenue, weaker earnings, cash halved-plus
approved 2022-04-22; registry 2022-04-25; journal 2022 222138
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKAT WENCHE LØSET AS. Revenue 1.20m NOK → 1.40m NOK (+17.0%). Net result +7.26m NOK → +374.2k NOK. Equity 615.7k NOK → 989.9k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKAT WENCHE LØSET AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.20m NOK to 1.40m NOK (+17.0% YoY). Calculated
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↑
Operating result improved
Operating result +342.1k NOK → +474.6k NOK (op. margin 28.5% → 33.8%). Calculated
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↑
Equity strengthened
Book equity 615.7k NOK → 989.9k NOK (equity ratio 65.4% → 263.7%). Calculated
What deteriorated
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↓
Net result weakened
Net result +7.26m NOK → +374.2k NOK (net margin 605.1% → 26.6%). Calculated
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↓
Cash fell
Bank deposits 708.9k NOK → 225.3k NOK (-68.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.89× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Headcount (årsverk) changed
Reported FTEs 2 → 1. Reported fact