FirmaIQ
Org.nr 991 504 125 2020 → 2021 Year-over-year analysis

ADVOKATFIRMA OLAFSEN AS: årsregnskap 2021 vs 2020

Grew 11% on revenue, weaker earnings

approved 2022-04-08; registry 2022-06-28; journal 2022 525710

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA OLAFSEN AS. Revenue 6.88m NOK → 7.62m NOK (+10.8%). Net result +657.2k NOK → +471.3k NOK. Equity 3.16m NOK → 2.63m NOK.

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

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA OLAFSEN AS.

At a glance

Scorecard

Revenue
6.88m NOK 7.62m NOK
+10.8%
Operating result
+836.9k NOK +573.3k NOK
-31.5%
Net result
+657.2k NOK +471.3k NOK
-28.3%
Equity
3.16m NOK 2.63m NOK
-16.8%
Cash
1.93m NOK 2.43m NOK
+26.1%
Total assets
4.71m NOK 5.31m NOK
+12.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6.88m NOK to 7.62m NOK (+10.8% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 1.93m NOK → 2.43m NOK (+26.1% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +836.9k NOK → +573.3k NOK (op. margin 12.2% → 7.5%). Calculated

  • ↓

    Net result weakened

    Net result +657.2k NOK → +471.3k NOK (net margin 9.6% → 6.2%). Calculated

  • ↓

    Equity eroded

    Book equity 3.16m NOK → 2.63m NOK (equity ratio 67.0% → 49.5%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 4.40m NOK → 4.83m NOK (64% → 63% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 121.9k NOK → 84.1k NOK (-31.0% YoY). Calculated