FirmaIQ
Org.nr 968 013 610 2020 → 2021 Year-over-year analysis

ADVOKATFIRMA VARJAG AS: årsregnskap 2021 vs 2020

Grew 9% on revenue, stronger earnings

approved 2022-04-29; registry 2022-05-02; journal 2022 248427

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA VARJAG AS. Revenue 7.59m NOK → 8.26m NOK (+8.7%). Net result +511.5k NOK → +774.4k NOK. Equity 11.38m NOK → 650.1k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMA VARJAG AS.

At a glance

Scorecard

Revenue
7.59m NOK 8.26m NOK
+8.7%
Operating result
+512.1k NOK +770.2k NOK
+50.4%
Net result
+511.5k NOK +774.4k NOK
+51.4%
Equity
11.38m NOK 650.1k NOK
-94.3%
Cash
602.1k NOK 878.5k NOK
+45.9%
Total assets
1.52m NOK 2.10m NOK
+38.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 7.59m NOK to 8.26m NOK (+8.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +512.1k NOK → +770.2k NOK (op. margin 6.7% → 9.3%). Calculated

  • ↑

    Net result improved

    Net result +511.5k NOK → +774.4k NOK (net margin 6.7% → 9.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 602.1k NOK → 878.5k NOK (+45.9% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 11.38m NOK → 650.1k NOK (equity ratio 747.6% → 31.0%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.24× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 4.01m NOK → 4.69m NOK (+17.1% YoY). Calculated