ADVOKATFIRMAET HOLTER AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2022-06-29; registry 2022-07-02; journal 2022 584154
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET HOLTER AS. Revenue 662.3k NOK → 905 NOK (-99.9%). Net result +136.9k NOK → +188.0k NOK. Equity 571.2k NOK → 759.2k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET HOLTER AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +247.7k NOK → +265.4k NOK (op. margin 37.4% → 29320.7%). Calculated
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Net result improved
Net result +136.9k NOK → +188.0k NOK (net margin 20.7% → 20769.0%). Calculated
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Equity strengthened
Book equity 571.2k NOK → 759.2k NOK (equity ratio 41.0% → 45.5%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 662.3k NOK to 905 NOK (-99.9% YoY). Calculated
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Cash fell
Bank deposits 730.6k NOK → 114.5k NOK (-84.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.92× → 0.62× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 16.3k NOK → 1.11m NOK (2% → 122494% of revenue). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 120.0k NOK → 889.4k NOK. Reported fact