ADVOKATFIRMAET LÖVENÖRN AS: årsregnskap 2021 vs 2020
Shrank 35% on revenue, stronger earnings, cash halved-plus
approved 2022-04-28; registry 2022-05-19; journal 2022 239801
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET LÖVENÖRN AS. Revenue 632.1k NOK → 410.4k NOK (-35.1%). Net result -155.8k NOK → -37.3k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -145.7k NOK → -25.7k NOK (op. margin -23.0% → -6.3%). Calculated
-
↑
Net result improved
Net result -155.8k NOK → -37.3k NOK (net margin -24.6% → -9.1%). Calculated
-
↑
Payroll decreased
Salary cost 415.6k NOK → 76.6k NOK (66% → 19% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 632.1k NOK to 410.4k NOK (-35.1% YoY). Calculated
-
↓
Cash fell
Bank deposits 164.7k NOK → 12.9k NOK (-92.1% YoY). Calculated