FirmaIQ
Org.nr 994 359 010 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET EIDE & CO AS: årsregnskap 2021 vs 2020

Shrank 10% on revenue, stronger earnings, cash halved-plus

approved 2022-04-29; registry 2022-05-02; journal 2022 248579

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET EIDE & CO AS. Revenue 1.40m NOK → 1.25m NOK (-10.3%). Net result +58.2k NOK → +252.4k NOK. Equity -463.7k NOK → -211.2k NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET EIDE & CO AS.

At a glance

Scorecard

Revenue
1.40m NOK 1.25m NOK
-10.3%
Operating result
+112.7k NOK +291.8k NOK
+158.9%
Net result
+58.2k NOK +252.4k NOK
+333.7%
Equity
-463.7k NOK -211.2k NOK
+54.4%
Cash
422.3k NOK 123.2k NOK
-70.8%
Total assets
953.2k NOK 419.3k NOK
-56.0%

What improved

  • ↑

    Operating result improved

    Operating result +112.7k NOK → +291.8k NOK (op. margin 8.1% → 23.3%). Calculated

  • ↑

    Net result improved

    Net result +58.2k NOK → +252.4k NOK (net margin 4.2% → 20.1%). Calculated

  • ↑

    Equity strengthened

    Book equity -463.7k NOK → -211.2k NOK (equity ratio -48.6% → -50.4%). Calculated

  • ↑

    Payroll decreased

    Salary cost 561.6k NOK → 390.1k NOK (40% → 31% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.40m NOK to 1.25m NOK (-10.3% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 422.3k NOK → 123.2k NOK (-70.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -50.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation