FirmaIQ
Org.nr 987 665 440 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET SALOMON JOHANSEN AS: årsregnskap 2021 vs 2020

Shrank 7% on revenue, slipped into loss

approved 2022-04-29; registry 2022-05-03; journal 2022 248899

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET SALOMON JOHANSEN AS. Revenue 29.22m NOK → 27.17m NOK (-7.0%). Net result +4.52m NOK → -557.8k NOK. Equity 5.04m NOK → 2.49m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
29.22m NOK 27.17m NOK
-7.0%
Operating result
+794.2k NOK -588.9k NOK
-174.1%
Net result
+4.52m NOK -557.8k NOK
-112.3%
Equity
5.04m NOK 2.49m NOK
-50.7%
Cash
2.97m NOK 3.27m NOK
+10.0%
Total assets
15.32m NOK 13.42m NOK
-12.4%

What improved

  • ↑

    Cash rose

    Bank deposits 2.97m NOK → 3.27m NOK (+10.0% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 29.22m NOK to 27.17m NOK (-7.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +794.2k NOK → -588.9k NOK (op. margin 2.7% → -2.2%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 4.52m NOK profit to a loss of 557.8k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 5.04m NOK → 2.49m NOK (equity ratio 32.9% → 18.5%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 21.02m NOK → 21.47m NOK (72% → 79% of revenue). Calculated