FirmaIQ
Org.nr 919 874 562 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET LEGAL AS: årsregnskap 2021 vs 2020

Shrank 7% on revenue

approved 2022-04-08; registry 2022-04-28; journal 2022 233636

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET LEGAL AS. Revenue 12.53m NOK → 11.66m NOK (-6.9%). Net result +7.97m NOK → +7.40m NOK. Equity 1.79m NOK → 1.23m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
12.53m NOK 11.66m NOK
-6.9%
Operating result
+8.04m NOK +7.47m NOK
-7.1%
Net result
+7.97m NOK +7.40m NOK
-7.2%
Equity
1.79m NOK 1.23m NOK
-31.5%
Cash
1.06m NOK 558.2k NOK
-47.6%
Total assets
2.76m NOK 2.18m NOK
-21.0%

What improved

  • ↑

    Payroll decreased

    Salary cost 1.45m NOK → 1.07m NOK (12% → 9% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 12.53m NOK to 11.66m NOK (-6.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +8.04m NOK → +7.47m NOK (op. margin 64.2% → 64.1%). Calculated

  • ↓

    Net result weakened

    Net result +7.97m NOK → +7.40m NOK (net margin 63.6% → 63.5%). Calculated

  • ↓

    Equity eroded

    Book equity 1.79m NOK → 1.23m NOK (equity ratio 64.9% → 56.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.06m NOK → 558.2k NOK (-47.6% YoY). Calculated