ADVOKATENE GRAASVOLD & STENVAAG AS: årsregnskap 2021 vs 2020
Grew 8% on revenue, stronger earnings, cash halved-plus
approved 2022-03-28; registry 2022-04-23; journal 2022 213172
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATENE GRAASVOLD & STENVAAG AS. Revenue 4.41m NOK → 4.78m NOK (+8.3%). Net result +364.8k NOK → +784.6k NOK. Equity 406.1k NOK → 430.7k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATENE GRAASVOLD & STENVAAG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.41m NOK to 4.78m NOK (+8.3% YoY). Calculated
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↑
Net result improved
Net result +364.8k NOK → +784.6k NOK (net margin 8.3% → 16.4%). Calculated
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↑
Equity strengthened
Book equity 406.1k NOK → 430.7k NOK (equity ratio 18.8% → 15.0%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +472.7k NOK → +8 412 NOK (op. margin 10.7% → 0.2%). Calculated
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↓
Cash fell
Bank deposits 818.8k NOK → 233.2k NOK (-71.5% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.35m NOK → 2.53m NOK (53% → 53% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 96.4k NOK → 17.5k NOK (-81.8% YoY). Calculated