Org.nr 979 423 438 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET MORTEN PERSEN AS: årsregnskap 2021 vs 2020

Shrank 32% on revenue, weaker earnings

approved 2022-04-01; registry 2022-04-06; journal 2022 190616

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET MORTEN PERSEN AS. Revenue 1.72m NOK → 1.16m NOK (-32.5%). Net result +428.6k NOK → +9 951 NOK. Equity 821.8k NOK → 831.8k NOK.

On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.

Mixed year — gains and pressures both show up.

Scorecard

Revenue
1.72m NOK 1.16m NOK
-32.5%
Operating result
+549.0k NOK +16.3k NOK
-97.0%
Net result
+428.6k NOK +9 951 NOK
-97.7%
Equity
821.8k NOK 831.8k NOK
+1.2%
Cash
670.5k NOK 773.4k NOK
+15.3%
Total assets
417.3k NOK 1.12m NOK
+168.4%

What improved

  • ↑

    Equity strengthened

    Book equity 821.8k NOK → 831.8k NOK (equity ratio 196.9% → 74.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 670.5k NOK → 773.4k NOK (+15.3% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.63× → 3.79×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.72m NOK to 1.16m NOK (-32.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +549.0k NOK → +16.3k NOK (op. margin 31.9% → 1.4%). Calculated

  • ↓

    Net result weakened

    Net result +428.6k NOK → +9 951 NOK (net margin 24.9% → 0.9%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 633.0k NOK → 642.0k NOK (37% → 55% of revenue). Calculated