Org.nr 922 393 702 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET GJESSING AS: årsregnskap 2021 vs 2020

A steady year on the published lines

approved 2022-04-26; registry 2022-05-02; journal 2022 243163

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET GJESSING AS. Revenue 25.16m NOK → 25.30m NOK (+0.6%). Net result +6.25m NOK → +7.01m NOK. Equity 4.45m NOK → 2.21m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET GJESSING AS.

Scorecard

Revenue
25.16m NOK 25.30m NOK
+0.6%
Operating result
+8.00m NOK +9.03m NOK
+12.9%
Net result
+6.25m NOK +7.01m NOK
+12.2%
Equity
4.45m NOK 2.21m NOK
-50.3%
Cash
5.58m NOK n/m
—
Total assets
12.92m NOK 14.01m NOK
+8.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 25.16m NOK to 25.30m NOK (+0.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +8.00m NOK → +9.03m NOK (op. margin 31.8% → 35.7%). Calculated

  • ↑

    Net result improved

    Net result +6.25m NOK → +7.01m NOK (net margin 24.8% → 27.7%). Calculated

  • ↑

    Payroll decreased

    Salary cost 13.12m NOK → 12.24m NOK (52% → 48% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 4.45m NOK → 2.21m NOK (equity ratio 34.4% → 15.8%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 70.8k NOK → -380 NOK (-100.5% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 900.9k NOK → 500.9k NOK. Reported fact