FirmaIQ
Org.nr 999 277 853 2020 → 2021 Year-over-year analysis

ADVOKATFIRMA ENGENES AS: årsregnskap 2021 vs 2020

Shrank 10% on revenue, weaker earnings

approved 2022-04-04; registry 2022-04-09; journal 2022 195952

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA ENGENES AS. Revenue 4.67m NOK → 4.19m NOK (-10.3%). Net result +1.37m NOK → +866.1k NOK. Equity 242.7k NOK → 242.8k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
4.67m NOK 4.19m NOK
-10.3%
Operating result
+1.76m NOK +1.09m NOK
-38.4%
Net result
+1.37m NOK +866.1k NOK
-37.0%
Equity
242.7k NOK 242.8k NOK
+0.0%
Cash
54.7k NOK 883.3k NOK
+1513.7%
Total assets
2.68m NOK 2.02m NOK
-24.4%

What improved

  • ↑

    Cash rose

    Bank deposits 54.7k NOK → 883.3k NOK (+1513.7% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.67m NOK to 4.19m NOK (-10.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.76m NOK → +1.09m NOK (op. margin 37.8% → 25.9%). Calculated

  • ↓

    Net result weakened

    Net result +1.37m NOK → +866.1k NOK (net margin 29.4% → 20.7%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.85m NOK → 1.99m NOK (40% → 47% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 168.4k NOK → 352.6k NOK (+109.4% YoY). Calculated