FirmaIQ
Org.nr 923 116 958 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET GISVOLD AS: årsregnskap 2021 vs 2020

Shrank 36% on revenue, weaker earnings, cash halved-plus

registry 2022-02-21; journal 2022 120577

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET GISVOLD AS. Revenue 10.31m NOK → 6.62m NOK (-35.8%). Net result +7.00m NOK → +2.53m NOK. Equity 687.6k NOK → 217.3k NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET GISVOLD AS.

At a glance

Scorecard

Revenue
10.31m NOK 6.62m NOK
-35.8%
Operating result
+6.80m NOK +3.24m NOK
-52.4%
Net result
+7.00m NOK +2.53m NOK
-63.9%
Equity
687.6k NOK 217.3k NOK
-68.4%
Cash
8.51m NOK 3.67m NOK
-56.9%
Total assets
10.00m NOK 4.67m NOK
-53.3%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 10.31m NOK to 6.62m NOK (-35.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +6.80m NOK → +3.24m NOK (op. margin 65.9% → 49.0%). Calculated

  • ↓

    Net result weakened

    Net result +7.00m NOK → +2.53m NOK (net margin 67.9% → 38.2%). Calculated

  • ↓

    Equity eroded

    Book equity 687.6k NOK → 217.3k NOK (equity ratio 6.9% → 4.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 8.51m NOK → 3.67m NOK (-56.9% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 4.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation