FirmaIQ
Org.nr 922 696 810 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET HELMR AS: årsregnskap 2021 vs 2020

Shrank 10% on revenue

approved 2022-04-26; registry 2022-04-30; journal 2022 236645

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET HELMR AS. Revenue 38.47m NOK → 34.78m NOK (-9.6%). Net result +809.1k NOK → +732.3k NOK. Equity 2.79m NOK → 2.42m NOK.

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

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMAET HELMR AS.

At a glance

Scorecard

Revenue
38.47m NOK 34.78m NOK
-9.6%
Operating result
+94.1k NOK +1.10m NOK
+1069.4%
Net result
+809.1k NOK +732.3k NOK
-9.5%
Equity
2.79m NOK 2.42m NOK
-13.3%
Cash
10.09m NOK 6.07m NOK
-39.9%
Total assets
18.10m NOK 13.01m NOK
-28.1%

What improved

  • ↑

    Operating result improved

    Operating result +94.1k NOK → +1.10m NOK (op. margin 0.2% → 3.2%). Calculated

  • ↑

    Payroll decreased

    Salary cost 26.81m NOK → 26.49m NOK (70% → 76% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 38.47m NOK to 34.78m NOK (-9.6% YoY). Calculated

  • ↓

    Net result weakened

    Net result +809.1k NOK → +732.3k NOK (net margin 2.1% → 2.1%). Calculated

  • ↓

    Equity eroded

    Book equity 2.79m NOK → 2.42m NOK (equity ratio 15.4% → 18.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 10.09m NOK → 6.07m NOK (-39.9% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 52.0k NOK → 253.6k NOK (+387.8% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 1.91m NOK → 1.51m NOK — check capital reduction, conversion, or reclassification. Interpretation