ADVOKATFIRMAET NYHEIM AS: årsregnskap 2021 vs 2020
Grew 511% on revenue, weaker earnings, cash halved-plus
approved 2022-04-29; registry 2022-05-03; journal 2022 248903
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET NYHEIM AS. Revenue 293.6k NOK → 1.79m NOK (+511.2%). Net result +116.1k NOK → +5 922 NOK. Equity 9.44m NOK → 9.25m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET NYHEIM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 293.6k NOK to 1.79m NOK (+511.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +232.1k NOK → +137.8k NOK (op. margin 79.1% → 7.7%). Calculated
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↓
Net result weakened
Net result +116.1k NOK → +5 922 NOK (net margin 39.5% → 0.3%). Calculated
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↓
Equity eroded
Book equity 9.44m NOK → 9.25m NOK (equity ratio 43.5% → 61.9%). Calculated
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↓
Cash fell
Bank deposits 7.10m NOK → 478.8k NOK (-93.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (7.10m NOK → 478.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 111.0k NOK → 272.9k NOK (38% → 15% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 4 410 NOK → 272.9k NOK (+6087.8% YoY). Calculated