ADVOKATFIRMA MJAALAND AS: årsregnskap 2021 vs 2020
Grew 6% on revenue, slipped into loss, cash halved-plus
approved 2022-04-27; registry 2022-05-02; journal 2022 245351
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA MJAALAND AS. Revenue 1.95m NOK → 2.06m NOK (+5.7%). Net result +337.4k NOK → -15.9k NOK. Equity 356.8k NOK → 40.9k 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; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMA MJAALAND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.95m NOK to 2.06m NOK (+5.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +429.0k NOK → -15.7k NOK (op. margin 22.0% → -0.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 337.4k NOK profit to a loss of 15.9k NOK. Calculated
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↓
Equity eroded
Book equity 356.8k NOK → 40.9k NOK (equity ratio 46.8% → 9.4%). Calculated
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↓
Cash fell
Bank deposits 455.3k NOK → 130.7k NOK (-71.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 122 NOK → 1.64m NOK (0% → 80% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 17.5k NOK → 28.1k NOK (+60.3% YoY). Calculated