ADVOKATFIRMAET ERIKSSEN & CO AS: årsregnskap 2021 vs 2020
Shrank 49% on revenue, weaker earnings
approved 2022-04-28; registry 2022-05-02; journal 2022 244833
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET ERIKSSEN & CO AS. Revenue 3.56m NOK → 1.81m NOK (-49.2%). Net result +193.4k NOK → +28.8k NOK. Equity 8.22m NOK → 248.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET ERIKSSEN & CO AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.11m NOK → 986.3k NOK (59% → 55% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.56m NOK to 1.81m NOK (-49.2% YoY). Calculated
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↓
Operating result weakened
Operating result +211.9k NOK → +21.4k NOK (op. margin 5.9% → 1.2%). Calculated
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↓
Net result weakened
Net result +193.4k NOK → +28.8k NOK (net margin 5.4% → 1.6%). Calculated
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↓
Equity eroded
Book equity 8.22m NOK → 248.4k NOK. Calculated
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↓
Cash fell
Bank deposits 357.5k NOK → 245.0k NOK (-31.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 30.3k NOK → 12.8k NOK (-57.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 150.0k NOK → 22.5k NOK. Reported fact