ADVOKATFIRMAET HORGEN AS: årsregnskap 2021 vs 2020
Grew 385% on revenue, stronger earnings
approved 2022-04-21; registry 2022-04-27; journal 2022 227673
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET HORGEN AS. Revenue 69.6k NOK → 337.5k NOK (+384.8%). Net result +86 NOK → +52.0k NOK. Equity 244.1k NOK → 296.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET HORGEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 69.6k NOK to 337.5k NOK (+384.8% YoY). Calculated
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Operating result improved
Operating result +72 NOK → +66.7k NOK (op. margin 0.1% → 19.8%). Calculated
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Net result improved
Net result +86 NOK → +52.0k NOK (net margin 0.1% → 15.4%). Calculated
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Equity strengthened
Book equity 244.1k NOK → 296.2k NOK (equity ratio 67.6% → 107.4%). Calculated
What deteriorated
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Cash fell
Bank deposits 290.8k NOK → 206.9k NOK (-28.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 3.09× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 32.8k NOK → 2.17m NOK (47% → 643% of revenue). Calculated