FirmaIQ
Org.nr 997 656 091 2020 → 2021 Year-over-year analysis

ADVOKATFIRMA RISNES AS: årsregnskap 2021 vs 2020

Shrank 21% on revenue, weaker earnings

approved 2022-04-20; registry 2022-04-27; journal 2022 229729

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA RISNES AS. Revenue 2.33m NOK → 1.83m NOK (-21.3%). Net result +226.1k NOK → +87.6k NOK. Equity 1.25m NOK → 835.0k NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
2.33m NOK 1.83m NOK
-21.3%
Operating result
+302.5k NOK +88.4k NOK
-70.8%
Net result
+226.1k NOK +87.6k NOK
-61.3%
Equity
1.25m NOK 835.0k NOK
-33.1%
Cash
7.25m NOK 8.16m NOK
+12.6%
Total assets
1.58m NOK 1.37m NOK
-13.4%

What improved

  • ↑

    Cash rose

    Bank deposits 7.25m NOK → 8.16m NOK (+12.6% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 927.5k NOK → 913.7k NOK (40% → 50% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.33m NOK to 1.83m NOK (-21.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +302.5k NOK → +88.4k NOK (op. margin 13.0% → 4.8%). Calculated

  • ↓

    Net result weakened

    Net result +226.1k NOK → +87.6k NOK (net margin 9.7% → 4.8%). Calculated

  • ↓

    Equity eroded

    Book equity 1.25m NOK → 835.0k NOK (equity ratio 79.1% → 61.1%). Calculated