FirmaIQ
Org.nr 922 779 406 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET HAZELAND AS: årsregnskap 2021 vs 2020

Shrank 32% on revenue, slipped into loss

approved 2022-04-07; registry 2022-04-30; journal 2022 237113

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET HAZELAND AS. Revenue 4.85m NOK → 3.30m NOK (-32.0%). Net result +404.2k NOK → -131.7k NOK. Equity 739.3k NOK → 607.6k NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
4.85m NOK 3.30m NOK
-32.0%
Operating result
+524.3k NOK -134.2k NOK
-125.6%
Net result
+404.2k NOK -131.7k NOK
-132.6%
Equity
739.3k NOK 607.6k NOK
-17.8%
Cash
6.97m NOK 8.53m NOK
+22.4%
Total assets
1.85m NOK 1.19m NOK
-35.7%

What improved

  • ↑

    Cash rose

    Bank deposits 6.97m NOK → 8.53m NOK (+22.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.00m NOK → 2.00m NOK (62% → 60% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.85m NOK to 3.30m NOK (-32.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +524.3k NOK → -134.2k NOK (op. margin 10.8% → -4.1%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 404.2k NOK profit to a loss of 131.7k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 739.3k NOK → 607.6k NOK (equity ratio 40.0% → 51.1%). Calculated