ADVOKATFIRMAET HOEL WOLLBRÅTEN AS: årsregnskap 2021 vs 2020
Grew 45% on revenue, weaker earnings
approved 2022-04-19; registry 2022-04-25; journal 2022 222120
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET HOEL WOLLBRÅTEN AS. Revenue 1.22m NOK → 1.77m NOK (+45.2%). Net result +6.29m NOK → +599.0k NOK. Equity 409.2k NOK → 930.3k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET HOEL WOLLBRÅTEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.22m NOK to 1.77m NOK (+45.2% YoY). Calculated
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Operating result improved
Operating result +375.2k NOK → +768.0k NOK (op. margin 30.8% → 43.4%). Calculated
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Equity strengthened
Book equity 409.2k NOK → 930.3k NOK (equity ratio 59.3% → 258.6%). Calculated
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Cash rose
Bank deposits 359.1k NOK → 960.6k NOK (+167.5% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +6.29m NOK → +599.0k NOK (net margin 517.0% → 33.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.61× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 244.4k NOK → 375.0k NOK (20% → 21% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 937 NOK → 480.9k NOK (+51227.3% YoY). Calculated