ADVOKATFIRMAET FRØY AS: årsregnskap 2021 vs 2020
Shrank 8% on revenue, weaker earnings
approved 2022-04-30; registry 2022-05-03; journal 2022 250597
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET FRØY AS. Revenue 16.71m NOK → 15.43m NOK (-7.7%). Net result -355.9k NOK → -1.85m NOK. Equity 772.4k NOK → -668.3k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMAET FRØY AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 445.5k NOK → 552.8k NOK (+24.1% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 16.71m NOK to 15.43m NOK (-7.7% YoY). Calculated
-
↓
Operating result weakened
Operating result -265.0k NOK → -1.70m NOK (op. margin -1.6% → -11.0%). Calculated
-
↓
Net result weakened
Net result -355.9k NOK → -1.85m NOK (net margin -2.1% → -12.0%). Calculated
-
↓
Equity eroded
Book equity 772.4k NOK → -668.3k NOK (equity ratio 15.4% → -13.9%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -13.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 275.0k NOK → 689 NOK — check capital reduction, conversion, or reclassification. Interpretation