ADVOKATFIRMA VECTIO AS: årsregnskap 2021 vs 2020
Grew 110120% on revenue, stronger earnings
approved 2022-04-29; registry 2022-05-04; journal 2022 253438
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA VECTIO AS. Revenue 11.0k NOK → 12.16m NOK (+110120.0%). Net result +1.77m NOK → +2.26m NOK. Equity 1.12m NOK → 177.3k 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: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA VECTIO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 11.0k NOK to 12.16m NOK (+110120.0% YoY). Calculated
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Operating result improved
Operating result +2.32m NOK → +2.91m NOK (op. margin 21034.9% → 24.0%). Calculated
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Net result improved
Net result +1.77m NOK → +2.26m NOK (net margin 16060.7% → 18.6%). Calculated
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Cash rose
Bank deposits 1 082 NOK → 1.27m NOK (+117598.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.12m NOK → 177.3k NOK (equity ratio 25.7% → 4.0%). Calculated
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Current ratio dropped below 1×
Current ratio 1.30× → 0.99× — 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 4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 346.5k NOK → 177.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 6 417 NOK → 6.64m NOK (58% → 55% of revenue). Calculated
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COGS fell
COGS / varekostnad 37.3k NOK → 20.6k NOK (-44.8% YoY). Calculated