ADVOKATFIRMAET LÆRUM, LIER, STENDE & BERVEN AS: årsregnskap 2021 vs 2020
Shrank 9% on revenue, slipped into loss, cash halved-plus
approved 2022-04-25; registry 2022-04-30; journal 2022 235155
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET LÆRUM, LIER, STENDE & BERVEN AS. Revenue 15.82m NOK → 14.33m NOK (-9.4%). Net result +5.77m NOK → -404.0k NOK. Equity 110.8k NOK → -293.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATFIRMAET LÆRUM, LIER, STENDE & BERVEN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 11.15m NOK → 11.11m NOK (71% → 78% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.82m NOK to 14.33m NOK (-9.4% YoY). Calculated
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↓
Operating result weakened
Operating result +996.7k NOK → -521.0k NOK (op. margin 6.3% → -3.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 5.77m NOK profit to a loss of 404.0k NOK. Calculated
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↓
Equity eroded
Book equity 110.8k NOK → -293.2k NOK. Calculated
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↓
Cash fell
Bank deposits 1.68m NOK → 499.0k NOK (-70.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.68m NOK → 499.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation