FirmaIQ
Org.nr 991 340 580 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET FINN AS: årsregnskap 2021 vs 2020

Grew 32% on revenue, stronger earnings, cash halved-plus

approved 2022-04-29; registry 2022-05-02; journal 2022 246499

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET FINN AS. Revenue 13.71m NOK → 18.10m NOK (+32.1%). Net result +62.7k NOK → +83.0k NOK. Equity 2.88m NOK → 3.29m NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET FINN AS.

At a glance

Scorecard

Revenue
13.71m NOK 18.10m NOK
+32.1%
Operating result
+159.8k NOK +210.1k NOK
+31.5%
Net result
+62.7k NOK +83.0k NOK
+32.4%
Equity
2.88m NOK 3.29m NOK
+14.1%
Cash
660.4k NOK 171.0k NOK
-74.1%
Total assets
4.86m NOK 7.70m NOK
+58.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 13.71m NOK to 18.10m NOK (+32.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +159.8k NOK → +210.1k NOK (op. margin 1.2% → 1.2%). Calculated

  • ↑

    Net result improved

    Net result +62.7k NOK → +83.0k NOK (net margin 0.5% → 0.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.88m NOK → 3.29m NOK (equity ratio 59.3% → 42.7%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.76m NOK → 2.08m NOK (+322.5k NOK). Reported fact

What deteriorated

  • ↓

    Cash fell

    Bank deposits 660.4k NOK → 171.0k NOK (-74.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 10.51m NOK → 14.30m NOK (77% → 79% of revenue). Calculated