FirmaIQ
Org.nr 987 941 065 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET ELVENES AS: årsregnskap 2021 vs 2020

Shrank 22% on revenue, slipped into loss

approved 2022-04-29; registry 2022-05-03; journal 2022 248741

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET ELVENES AS. Revenue 1.90m NOK → 1.49m NOK (-21.9%). Net result +240.6k NOK → -128.3k NOK. Equity 876.5k NOK → 748.2k NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
1.90m NOK 1.49m NOK
-21.9%
Operating result
+302.9k NOK -164.8k NOK
-154.4%
Net result
+240.6k NOK -128.3k NOK
-153.3%
Equity
876.5k NOK 748.2k NOK
-14.6%
Cash
388.4k NOK 407.5k NOK
+4.9%
Total assets
1.67m NOK 1.43m NOK
-14.7%

What improved

  • ↑

    Cash rose

    Bank deposits 388.4k NOK → 407.5k NOK (+4.9% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 6.98m NOK → 970.9k NOK (367% → 65% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.90m NOK to 1.49m NOK (-21.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +302.9k NOK → -164.8k NOK (op. margin 15.9% → -11.1%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 240.6k NOK profit to a loss of 128.3k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 876.5k NOK → 748.2k NOK (equity ratio 52.4% → 52.5%). Calculated