ADVOKATFIRMA TINGMANN AS: årsregnskap 2021 vs 2020
Weaker earnings
approved 2022-04-29; registry 2022-05-03; journal 2022 250481
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA TINGMANN AS. Revenue 10.88m NOK → 11.20m NOK (+3.0%). Net result +291.1k NOK → +228.3k NOK. Equity 6.27m NOK → 324.8k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMA TINGMANN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.88m NOK to 11.20m NOK (+3.0% YoY). Calculated
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↑
Cash rose
Bank deposits 301.6k NOK → 313.2k NOK (+3.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 7.25m NOK → 7.19m NOK (67% → 64% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +412.9k NOK → +329.1k NOK (op. margin 3.8% → 2.9%). Calculated
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↓
Net result weakened
Net result +291.1k NOK → +228.3k NOK (net margin 2.7% → 2.0%). Calculated
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↓
Equity eroded
Book equity 6.27m NOK → 324.8k NOK (equity ratio 166.6% → 7.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.06× → 1.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation