ADVOKATFIRMA ØGLÆND & CO AS: årsregnskap 2021 vs 2020
Grew 6% on revenue, weaker earnings, cash halved-plus
approved 2022-04-05; registry 2022-05-02; journal 2022 246027
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA ØGLÆND & CO AS. Revenue 8.70m NOK → 9.23m NOK (+6.1%). Net result +950.8k NOK → +627.9k NOK. Equity 4 882 NOK → 905.0k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA ØGLÆND & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.70m NOK to 9.23m NOK (+6.1% YoY). Calculated
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↑
Operating result improved
Operating result +228.5k NOK → +798.4k NOK (op. margin 2.6% → 8.6%). Calculated
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↑
Equity strengthened
Book equity 4 882 NOK → 905.0k NOK (equity ratio 0.1% → 23.9%). Calculated
What deteriorated
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↓
Net result weakened
Net result +950.8k NOK → +627.9k NOK (net margin 10.9% → 6.8%). Calculated
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↓
Cash fell
Bank deposits 918.0k NOK → 318.2k NOK (-65.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 5.69m NOK → 6.66m NOK (65% → 72% of revenue). Calculated