ADVOKATFIRMAET HARTZ & CO AS: årsregnskap 2021 vs 2020
Grew 19% on revenue, stronger earnings, cash halved-plus
approved 2022-04-29; registry 2022-05-02; journal 2022 245981
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET HARTZ & CO AS. Revenue 9.72m NOK → 11.59m NOK (+19.3%). Net result +1.87m NOK → +2.49m NOK. Equity 771.6k NOK → 663.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET HARTZ & CO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 9.72m NOK to 11.59m NOK (+19.3% YoY). Calculated
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Operating result improved
Operating result +2.40m NOK → +3.22m NOK (op. margin 24.7% → 27.8%). Calculated
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Net result improved
Net result +1.87m NOK → +2.49m NOK (net margin 19.3% → 21.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 771.6k NOK → 663.3k NOK (equity ratio 18.8% → 12.8%). Calculated
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↓
Cash fell
Bank deposits 1.11m NOK → 258.6k NOK (-76.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.11m NOK → 258.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 5.42m NOK → 5.89m NOK (56% → 51% of revenue). Calculated
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Headcount (årsverk) changed
Reported FTEs 6 → 7. Reported fact