ADVOKATFIRMAET HORNELAND AS: årsregnskap 2021 vs 2020
Shrank 10% on revenue, weaker earnings
approved 2022-04-27; registry 2022-05-05; journal 2022 259410
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET HORNELAND AS. Revenue 3.41m NOK → 3.06m NOK (-10.3%). Net result +661.9k NOK → +378.4k NOK. Equity 310.5k NOK → 488.9k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET HORNELAND AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 310.5k NOK → 488.9k NOK (equity ratio 14.2% → 35.2%). Calculated
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↑
Payroll decreased
Salary cost 1.86m NOK → 1.68m NOK (55% → 55% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.41m NOK to 3.06m NOK (-10.3% YoY). Calculated
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↓
Operating result weakened
Operating result +858.0k NOK → +486.3k NOK (op. margin 25.2% → 15.9%). Calculated
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↓
Net result weakened
Net result +661.9k NOK → +378.4k NOK (net margin 19.4% → 12.4%). Calculated
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↓
Cash fell
Bank deposits 1.71m NOK → 1.04m NOK (-39.4% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 42.0k NOK → 173.9k NOK (+314.4% YoY). Calculated
Things to notice
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·
Headcount (årsverk) changed
Reported FTEs 1 → 1.2. Reported fact