ADVOKATFIRMAET ALGEROY AS: årsregnskap 2021 vs 2020
Grew 11% on revenue, stronger earnings, cash halved-plus
registry 2022-04-30; journal 2022 238373
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET ALGEROY AS. Revenue 1.31m NOK → 1.46m NOK (+11.4%). Net result +143.6k NOK → +208.6k NOK. Equity 132.0k NOK → 238.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET ALGEROY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.31m NOK to 1.46m NOK (+11.4% YoY). Calculated
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Operating result improved
Operating result +172.4k NOK → +280.0k NOK (op. margin 13.2% → 19.2%). Calculated
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Net result improved
Net result +143.6k NOK → +208.6k NOK (net margin 11.0% → 14.3%). Calculated
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Equity strengthened
Book equity 132.0k NOK → 238.6k NOK (equity ratio 36.6% → 25.7%). Calculated
What deteriorated
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Cash fell
Bank deposits 8.19m NOK → 211.3k NOK (-97.4% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (8.19m NOK → 211.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 5 NOK → 822.3k NOK (0% → 56% of revenue). Calculated