FirmaIQ
Org.nr 913 871 618 2020 → 2021 Year-over-year analysis

ADVOKATFIRMA GEIRR FRØNES AS: årsregnskap 2021 vs 2020

Stronger earnings

approved 2022-04-27; registry 2022-05-02; journal 2022 241987

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA GEIRR FRØNES AS. Revenue 3.05m NOK → 3.00m NOK (-1.4%). Net result +197.0k NOK → +305.9k NOK. Equity 750.4k NOK → 806.3k NOK.

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

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
3.05m NOK 3.00m NOK
-1.4%
Operating result
+239.4k NOK +387.7k NOK
+62.0%
Net result
+197.0k NOK +305.9k NOK
+55.3%
Equity
750.4k NOK 806.3k NOK
+7.5%
Cash
539.9k NOK 633.5k NOK
+17.3%
Total assets
1.13m NOK 1.47m NOK
+30.8%

What improved

  • ↑

    Operating result improved

    Operating result +239.4k NOK → +387.7k NOK (op. margin 7.9% → 12.9%). Calculated

  • ↑

    Net result improved

    Net result +197.0k NOK → +305.9k NOK (net margin 6.5% → 10.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 750.4k NOK → 806.3k NOK (equity ratio 66.6% → 54.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 539.9k NOK → 633.5k NOK (+17.3% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.09m NOK → 1.73m NOK (69% → 58% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.05m NOK to 3.00m NOK (-1.4% YoY). Calculated