ADVOKATFIRMAET HERMANSEN AS: årsregnskap 2021 vs 2020
Shrank 8% on revenue, weaker earnings
approved 2022-05-03; registry 2022-05-07; journal 2022 262859
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET HERMANSEN AS. Revenue 2.28m NOK → 2.10m NOK (-8.0%). Net result +818.7k NOK → +117.1k NOK. Equity 354.9k NOK → 417.0k NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET HERMANSEN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 354.9k NOK → 417.0k NOK (equity ratio 38.3% → 149.6%). Calculated
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↑
Cash rose
Bank deposits 38.4k NOK → 46.8k NOK (+21.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 627.5k NOK → 1 175 NOK (27% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.28m NOK to 2.10m NOK (-8.0% YoY). Calculated
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↓
Operating result weakened
Operating result +896.0k NOK → +177.2k NOK (op. margin 39.3% → 8.4%). Calculated
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↓
Net result weakened
Net result +818.7k NOK → +117.1k NOK (net margin 35.9% → 5.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.60× → 0.29× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 30.0k NOK → 20.8k NOK (-30.8% YoY). Calculated