Org.nr 895 560 952 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET KIRKHOLM AS: årsregnskap 2021 vs 2020

Shrank 74% on revenue, weaker earnings, cash halved-plus

approved 2022-04-29; registry 2022-05-02; journal 2022 245395

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET KIRKHOLM AS. Revenue 2.51m NOK → 645.7k NOK (-74.3%). Net result -246.2k NOK → -973.4k NOK. Equity 12 NOK → -1.04m NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET KIRKHOLM AS.

Scorecard

Revenue
2.51m NOK 645.7k NOK
-74.3%
Operating result
-192.1k NOK -707.2k NOK
-268.2%
Net result
-246.2k NOK -973.4k NOK
-295.3%
Equity
12 NOK -1.04m NOK
-8632100.0%
Cash
141.9k NOK 3 911 NOK
-97.2%
Total assets
1.83m NOK 237.3k NOK
-87.0%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.51m NOK to 645.7k NOK (-74.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -192.1k NOK → -707.2k NOK (op. margin -7.6% → -109.5%). Calculated

  • ↓

    Net result weakened

    Net result -246.2k NOK → -973.4k NOK (net margin -9.8% → -150.8%). Calculated

  • ↓

    Equity eroded

    Book equity 12 NOK → -1.04m NOK (equity ratio 0.0% → -436.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 141.9k NOK → 3 911 NOK (-97.2% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -436.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Headcount (årsverk) changed

    Reported FTEs 2.5 → 1. Reported fact