ADVOKATFIRMA M LEGAL AS: årsregnskap 2021 vs 2020
Grew 59299% on revenue, stronger earnings
approved 2022-04-11; registry 2022-04-23; journal 2022 217133
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA M LEGAL AS. Revenue 7 064 NOK → 4.20m NOK (+59299.2%). Net result +1 977 NOK → +2.60m NOK. Equity 4.11m NOK → 104.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA M LEGAL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 7 064 NOK to 4.20m NOK (+59299.2% YoY). Calculated
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Operating result improved
Operating result +2 557 NOK → +760.8k NOK (op. margin 36.2% → 18.1%). Calculated
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Net result improved
Net result +1 977 NOK → +2.60m NOK (net margin 28.0% → 61.9%). Calculated
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Cash rose
Bank deposits 2 554 NOK → 831.5k NOK (+32457.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.11m NOK → 104.9k NOK (equity ratio 93.2% → 5.6%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2 708 NOK → 2.80m NOK (38% → 67% of revenue). Calculated