ADVOKATFIRMAET HTD AS: årsregnskap 2021 vs 2020
Grew 82% on revenue, stronger earnings, cash halved-plus
approved 2022-04-26; registry 2022-04-30; journal 2022 235379
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET HTD AS. Revenue 1.19m NOK → 2.15m NOK (+81.5%). Net result +213.0k NOK → +878.68m NOK. Equity 12.98m NOK → 261.0k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET HTD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.19m NOK to 2.15m NOK (+81.5% YoY). Calculated
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↑
Net result improved
Net result +213.0k NOK → +878.68m NOK (net margin 17.9% → 40778.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +271.3k NOK → +11.7k NOK (op. margin 22.9% → 0.5%). Calculated
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↓
Equity eroded
Book equity 12.98m NOK → 261.0k NOK (equity ratio 896.7% → 11.7%). Calculated
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↓
Cash fell
Bank deposits 367.6k NOK → 142.8k NOK (-61.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.56× → 0.22× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 858.2k NOK (0% → 40% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 14.4k NOK → 89.7k NOK (+521.6% YoY). Calculated