FirmaIQ
Org.nr 994 267 256 2020 → 2021 Year-over-year analysis

ADVOKATENE SVEEN AS: årsregnskap 2021 vs 2020

Shrank 44% on revenue, weaker earnings, cash halved-plus

approved 2022-04-28; registry 2022-05-02; journal 2022 242123

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATENE SVEEN AS. Revenue 3.72m NOK → 2.08m NOK (-44.2%). Net result +284.5k NOK → +20.9k NOK. Equity 1.41m NOK → 1.43m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATENE SVEEN AS.

At a glance

Scorecard

Revenue
3.72m NOK 2.08m NOK
-44.2%
Operating result
+435.9k NOK +71.2k NOK
-83.7%
Net result
+284.5k NOK +20.9k NOK
-92.7%
Equity
1.41m NOK 1.43m NOK
+1.5%
Cash
175.54m NOK 46.3k NOK
-100.0%
Total assets
2.22m NOK 2.28m NOK
+2.8%

What improved

  • ↑

    Equity strengthened

    Book equity 1.41m NOK → 1.43m NOK (equity ratio 63.5% → 62.7%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.83m NOK → 1.16m NOK (49% → 56% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.72m NOK to 2.08m NOK (-44.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +435.9k NOK → +71.2k NOK (op. margin 11.7% → 3.4%). Calculated

  • ↓

    Net result weakened

    Net result +284.5k NOK → +20.9k NOK (net margin 7.6% → 1.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 175.54m NOK → 46.3k NOK (-100.0% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (175.54m NOK → 46.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation