FirmaIQ
Org.nr 923 842 713 2020 → 2021 Year-over-year analysis

ADVOKATFIRMA VOSTER AS: årsregnskap 2021 vs 2020

Grew 15% on revenue, stronger earnings

approved 2022-04-27; registry 2022-05-02; journal 2022 245439

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA VOSTER AS. Revenue 2.25m NOK → 2.58m NOK (+14.9%). Net result +791.6k NOK → +991.0k NOK. Equity 810.0k NOK → 22.0k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA VOSTER AS.

At a glance

Scorecard

Revenue
2.25m NOK 2.58m NOK
+14.9%
Operating result
+1.01m NOK +1.27m NOK
+25.2%
Net result
+791.6k NOK +991.0k NOK
+25.2%
Equity
810.0k NOK 22.0k NOK
-97.3%
Cash
1 108 NOK 1.15m NOK
+103563.5%
Total assets
1.52m NOK 1.66m NOK
+9.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.25m NOK to 2.58m NOK (+14.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.01m NOK → +1.27m NOK (op. margin 45.1% → 49.2%). Calculated

  • ↑

    Net result improved

    Net result +791.6k NOK → +991.0k NOK (net margin 35.2% → 38.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 1 108 NOK → 1.15m NOK (+103563.5% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 810.0k NOK → 22.0k NOK (equity ratio 53.4% → 1.3%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 1 808 NOK → 895.8k NOK (0% → 35% of revenue). Calculated