FirmaIQ
Org.nr 987 902 248 2020 → 2021 Year-over-year analysis

ADVOKATFIRMA HOLTHE & CO AS: årsregnskap 2021 vs 2020

Shrank 25% on revenue, stronger earnings, cash halved-plus

approved 2022-03-30; registry 2022-04-02; journal 2022 179803

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA HOLTHE & CO AS. Revenue 4.36m NOK → 3.27m NOK (-24.9%). Net result +1.26m NOK → +6.42m NOK. Equity 2.08m NOK → 1.40m NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
4.36m NOK 3.27m NOK
-24.9%
Operating result
+1.60m NOK +528.1k NOK
-66.9%
Net result
+1.26m NOK +6.42m NOK
+408.3%
Equity
2.08m NOK 1.40m NOK
-32.5%
Cash
625.3k NOK 285.4k NOK
-54.4%
Total assets
3.22m NOK 2.68m NOK
-16.7%

What improved

  • ↑

    Net result improved

    Net result +1.26m NOK → +6.42m NOK (net margin 29.0% → 196.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.36m NOK to 3.27m NOK (-24.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.60m NOK → +528.1k NOK (op. margin 36.6% → 16.1%). Calculated

  • ↓

    Equity eroded

    Book equity 2.08m NOK → 1.40m NOK (equity ratio 64.5% → 52.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 625.3k NOK → 285.4k NOK (-54.4% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.51m NOK → 1.73m NOK (35% → 53% of revenue). Calculated