Org.nr 919 280 700 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET ØIVIND ØSTBERG AS: årsregnskap 2021 vs 2020

Shrank 100% on revenue, returned to profit

approved 2022-04-26; registry 2022-04-28; journal 2022 233874

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET ØIVIND ØSTBERG AS. Revenue 1.77m NOK → 1 151 NOK (-99.9%). Net result -44.8k NOK → +97.8k NOK. Equity 466.8k NOK → 564.6k NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.

Mixed year — gains and pressures both show up.

Scorecard

Revenue
1.77m NOK 1 151 NOK
-99.9%
Operating result
-70.8k NOK +126.0k NOK
+278.0%
Net result
-44.8k NOK +97.8k NOK
+318.3%
Equity
466.8k NOK 564.6k NOK
+21.0%
Cash
190.0k NOK 149.4k NOK
-21.4%
Total assets
855.7k NOK 792.0k NOK
-7.4%

What improved

  • ↑

    Operating result improved

    Operating result -70.8k NOK → +126.0k NOK (op. margin -4.0% → 10950.1%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 44.8k NOK to a profit of 97.8k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 466.8k NOK → 564.6k NOK (equity ratio 54.6% → 71.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.77m NOK to 1 151 NOK (-99.9% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 190.0k NOK → 149.4k NOK (-21.4% YoY). Calculated