FirmaIQ
Org.nr 989 523 716 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET MIDTHJELL AS: årsregnskap 2021 vs 2020

Grew 121% on revenue, returned to profit

approved 2022-04-28; registry 2022-05-02; journal 2022 244831

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET MIDTHJELL AS. Revenue 1.42m NOK → 3.15m NOK (+121.5%). Net result -1.51m NOK → +572.2k NOK. Equity 40.31m NOK → 39.19m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET MIDTHJELL AS.

At a glance

Scorecard

Revenue
1.42m NOK 3.15m NOK
+121.5%
Operating result
-1.68m NOK +492.2k NOK
+129.3%
Net result
-1.51m NOK +572.2k NOK
+137.9%
Equity
40.31m NOK 39.19m NOK
-2.8%
Total assets
40.49m NOK 39.35m NOK
-2.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.42m NOK to 3.15m NOK (+121.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -1.68m NOK → +492.2k NOK (op. margin -117.9% → 15.6%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 1.51m NOK to a profit of 572.2k NOK. Calculated

  • ↑

    Payroll decreased

    Salary cost 4.94m NOK → 822.8k NOK (347% → 26% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 40.31m NOK → 39.19m NOK (equity ratio 99.5% → 99.6%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 8 962 NOK → 9.14m NOK. Reported fact