ADVOKATFIRMA RUNE H ERIKSEN AS: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus
registry 2022-03-28; journal 2022 172641
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA RUNE H ERIKSEN AS. Revenue 799.2k NOK → 792.0k NOK (-0.9%). Net result +158.8k NOK → +116.5k NOK. Equity 334.0k NOK → 250.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA RUNE H ERIKSEN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 424.4k NOK → 357.6k NOK (53% → 45% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 799.2k NOK to 792.0k NOK (-0.9% YoY). Calculated
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↓
Operating result weakened
Operating result +189.2k NOK → +151.7k NOK (op. margin 23.7% → 19.1%). Calculated
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↓
Net result weakened
Net result +158.8k NOK → +116.5k NOK (net margin 19.9% → 14.7%). Calculated
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↓
Equity eroded
Book equity 334.0k NOK → 250.5k NOK (equity ratio 37.1% → 38.9%). Calculated
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↓
Cash fell
Bank deposits 640.6k NOK → 236.4k NOK (-63.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 55.5k NOK → 43.6k NOK (-21.4% YoY). Calculated