ADVOKATFIRMAET SAEME AS: årsregnskap 2021 vs 2020
Shrank 53% on revenue, weaker earnings, cash halved-plus
approved 2022-04-29; registry 2022-05-03; journal 2022 248815
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET SAEME AS. Revenue 10.10m NOK → 4.78m NOK (-52.6%). Net result +2.87m NOK → +769.8k NOK. Equity 33.00m NOK → 32.77m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET SAEME AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 3.75m NOK → 2.29m NOK (37% → 48% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.10m NOK to 4.78m NOK (-52.6% YoY). Calculated
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↓
Operating result weakened
Operating result +3.88m NOK → +409.9k NOK (op. margin 38.4% → 8.6%). Calculated
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↓
Net result weakened
Net result +2.87m NOK → +769.8k NOK (net margin 28.4% → 16.1%). Calculated
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↓
Equity eroded
Book equity 33.00m NOK → 32.77m NOK (equity ratio 59.1% → 62.7%). Calculated
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↓
Cash fell
Bank deposits 5.09m NOK → 982.9k NOK (-80.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.09m NOK → 982.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 380.3k NOK → 134.9k NOK (-64.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 100.0k NOK → 47.67m NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 4.5 → 3. Reported fact