FirmaIQ
Org.nr 824 915 032 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET REE AS: årsregnskap 2021 vs 2020

Grew 163380% on revenue, stronger earnings

approved 2022-03-21; registry 2022-04-25; journal 2022 217554

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET REE AS. Revenue 1 578 NOK → 2.58m NOK (+163380.3%). Net result +210.9k NOK → +533.8k NOK. Equity 235.3k NOK → 39.0k NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET REE AS.

At a glance

Scorecard

Revenue
1 578 NOK 2.58m NOK
+163380.3%
Operating result
+270.1k NOK +685.6k NOK
+153.8%
Net result
+210.9k NOK +533.8k NOK
+153.1%
Equity
235.3k NOK 39.0k NOK
-83.4%
Cash
307.3k NOK 745.5k NOK
+142.6%
Total assets
686.5k NOK 108.0k NOK
-84.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 578 NOK to 2.58m NOK (+163380.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +270.1k NOK → +685.6k NOK (op. margin 17119.6% → 26.6%). Calculated

  • ↑

    Net result improved

    Net result +210.9k NOK → +533.8k NOK (net margin 13362.2% → 20.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 307.3k NOK → 745.5k NOK (+142.6% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 235.3k NOK → 39.0k NOK (equity ratio 34.3% → 36.2%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2 965 NOK → 1.34m NOK (188% → 52% of revenue). Calculated