ADVOKATFIRMAET MIDGAARD & CO AS: årsregnskap 2021 vs 2020
Shrank 12% on revenue, slipped into loss
approved 2022-04-27; registry 2022-05-02; journal 2022 241653
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET MIDGAARD & CO AS. Revenue 4.87m NOK → 4.28m NOK (-12.2%). Net result +11.4k NOK → -315.6k NOK. Equity 925.7k NOK → 610.1k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 206.5k NOK → 424.1k NOK (+105.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.38m NOK → 71.6k NOK (49% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.87m NOK to 4.28m NOK (-12.2% YoY). Calculated
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↓
Operating result weakened
Operating result +164.4k NOK → -343.0k NOK (op. margin 3.4% → -8.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 11.4k NOK profit to a loss of 315.6k NOK. Calculated
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↓
Equity eroded
Book equity 925.7k NOK → 610.1k NOK (equity ratio 36.4% → 38.2%). Calculated
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↓
COGS moved
COGS / varekostnad 184.4k NOK → 526.5k NOK (+185.5% YoY). Calculated