ADVOKATFIRMA METTEVOLL AS: årsregnskap 2021 vs 2020
Weaker earnings
approved 2022-02-03; registry 2022-03-02; journal 2022 130947
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA METTEVOLL AS. Revenue 1.73m NOK → 1.75m NOK (+1.4%). Net result +942.8k NOK → +18.7k NOK. Equity 234.2k NOK → 152.9k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMA METTEVOLL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.73m NOK to 1.75m NOK (+1.4% YoY). Calculated
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↑
Operating result improved
Operating result +914.0k NOK → +962.2k NOK (op. margin 52.9% → 55.0%). Calculated
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↑
Cash rose
Bank deposits 12.6k NOK → 1.20m NOK (+9418.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 383.5k NOK → 362.6k NOK (22% → 21% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +942.8k NOK → +18.7k NOK (net margin 54.6% → 1.1%). Calculated
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↓
Equity eroded
Book equity 234.2k NOK → 152.9k NOK (equity ratio 15.8% → 9.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation