FirmaIQ
Org.nr 885 719 392 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET FØYEN AS: årsregnskap 2021 vs 2020

Weaker earnings, cash halved-plus

approved 2022-03-22; registry 2022-04-30; journal 2022 235257

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET FØYEN AS. Revenue 173.22m NOK → 169.98m NOK (-1.9%). Net result +63.13m NOK → 0 NOK. Equity 42.44m NOK → 33.99m NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATFIRMAET FØYEN AS.

At a glance

Scorecard

Revenue
173.22m NOK 169.98m NOK
-1.9%
Operating result
+63.17m NOK +54.52m NOK
-13.7%
Net result
+63.13m NOK 0 NOK
-100.0%
Equity
42.44m NOK 33.99m NOK
-19.9%
Cash
31.89m NOK 8.78m NOK
-72.5%
Total assets
66.35m NOK 62.95m NOK
-5.1%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 173.22m NOK to 169.98m NOK (-1.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +63.17m NOK → +54.52m NOK (op. margin 36.5% → 32.1%). Calculated

  • ↓

    Net result weakened

    Net result +63.13m NOK → 0 NOK (net margin 36.4% → 0.0%). Calculated

  • ↓

    Equity eroded

    Book equity 42.44m NOK → 33.99m NOK (equity ratio 64.0% → 54.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 31.89m NOK → 8.78m NOK (-72.5% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (31.89m NOK → 8.78m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation