FirmaIQ
Org.nr 989 168 142 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET HEGG & CO AS: årsregnskap 2021 vs 2020

Shrank 7% on revenue, weaker earnings

approved 2022-01-31; registry 2022-02-03; journal 2022 112380

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET HEGG & CO AS. Revenue 16.93m NOK → 15.67m NOK (-7.5%). Net result +970.0k NOK → +513.5k NOK. Equity 1.56m NOK → 1.42m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
16.93m NOK 15.67m NOK
-7.5%
Operating result
+1.19m NOK +666.6k NOK
-43.8%
Net result
+970.0k NOK +513.5k NOK
-47.1%
Equity
1.56m NOK 1.42m NOK
-8.8%
Cash
8.98m NOK 6.86m NOK
-23.6%
Total assets
11.83m NOK 9.95m NOK
-15.9%

What improved

  • ↑

    Payroll decreased

    Salary cost 12.99m NOK → 12.19m NOK (77% → 78% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 16.93m NOK to 15.67m NOK (-7.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.19m NOK → +666.6k NOK (op. margin 7.0% → 4.3%). Calculated

  • ↓

    Net result weakened

    Net result +970.0k NOK → +513.5k NOK (net margin 5.7% → 3.3%). Calculated

  • ↓

    Equity eroded

    Book equity 1.56m NOK → 1.42m NOK (equity ratio 13.2% → 14.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 8.98m NOK → 6.86m NOK (-23.6% YoY). Calculated