ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS: årsregnskap 2021 vs 2020
Stronger earnings
approved 2022-04-08; registry 2022-04-30; journal 2022 238157
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS. Revenue 9.13m NOK → 8.70m NOK (-4.7%). Net result +503.3k NOK → +804.0k NOK. Equity 953.8k NOK → 357.8k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +503.3k NOK → +804.0k NOK (net margin 5.5% → 9.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.13m NOK to 8.70m NOK (-4.7% YoY). Calculated
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↓
Operating result weakened
Operating result +1.93m NOK → +1.06m NOK (op. margin 21.2% → 12.1%). Calculated
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↓
Equity eroded
Book equity 953.8k NOK → 357.8k NOK (equity ratio 24.7% → 9.6%). Calculated
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↓
Cash fell
Bank deposits 2.45m NOK → 1.80m NOK (-26.2% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 5.58m NOK → 5.90m NOK (61% → 68% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Headcount (årsverk) changed
Reported FTEs 5 → 6. Reported fact