ADVOKATFIRMA FREIBU AS: årsregnskap 2021 vs 2020
Grew 56% on revenue, slipped into loss, cash halved-plus
approved 2022-04-27; registry 2022-05-12; journal 2022 284805
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA FREIBU AS. Revenue 6.64m NOK → 10.37m NOK (+56.2%). Net result +2.85m NOK → -5.23m NOK. Equity 5.69m NOK → 458.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA FREIBU AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.64m NOK to 10.37m NOK (+56.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +3.72m NOK → -5.24m NOK (op. margin 56.1% → -50.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 2.85m NOK profit to a loss of 5.23m NOK. Calculated
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↓
Equity eroded
Book equity 5.69m NOK → 458.6k NOK (equity ratio 76.1% → 8.1%). Calculated
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↓
Cash fell
Bank deposits 855.4k NOK → 269.1k NOK (-68.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.36× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.17m NOK → 13.77m NOK (18% → 133% of revenue). Calculated