ADVOKATENE CLEMETSEN & MOHAMMAD AS: årsregnskap 2021 vs 2020
Grew 8% on revenue, stronger earnings
registry 2022-07-13; journal 2022 700642
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATENE CLEMETSEN & MOHAMMAD AS. Revenue 2.37m NOK → 2.56m NOK (+7.8%). Net result +76.2k NOK → +209.1k NOK. Equity 576.7k NOK → 785.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKATENE CLEMETSEN & MOHAMMAD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.37m NOK to 2.56m NOK (+7.8% YoY). Calculated
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Operating result improved
Operating result +148.5k NOK → +288.8k NOK (op. margin 6.3% → 11.3%). Calculated
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Net result improved
Net result +76.2k NOK → +209.1k NOK (net margin 3.2% → 8.2%). Calculated
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Equity strengthened
Book equity 576.7k NOK → 785.7k NOK (equity ratio 582.5% → 61.0%). Calculated
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Cash rose
Bank deposits 823.4k NOK → 985.6k NOK (+19.7% YoY). Calculated
What deteriorated
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Current ratio dropped below 1×
Current ratio 1.84× → 0.29× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 1.25m NOK → 1.25m NOK (53% → 49% of revenue). Calculated
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COGS fell
COGS / varekostnad 26.1k NOK → 20.3k NOK (-22.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 22.2k NOK → 1 500 NOK. Reported fact