ADVOKATFIRMAET SELMER AS: årsregnskap 2021 vs 2020
Grew 11% on revenue, stronger earnings
approved 2022-03-03; registry 2022-04-06; journal 2022 191928
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET SELMER AS. Revenue 518.24m NOK → 574.63m NOK (+10.9%). Net result +196.91m NOK → +274.17m NOK. Equity 900.0k NOK → 20.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMAET SELMER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 518.24m NOK to 574.63m NOK (+10.9% YoY). Calculated
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Operating result improved
Operating result +197.29m NOK → +275.24m NOK (op. margin 38.1% → 47.9%). Calculated
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Net result improved
Net result +196.91m NOK → +274.17m NOK (net margin 38.0% → 47.7%). Calculated
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Payroll decreased
Salary cost 233.02m NOK → 225.31m NOK (45% → 39% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 900.0k NOK → 20.0k NOK (equity ratio 0.3% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 112.74m NOK → 70.22m NOK (-37.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 990.0k NOK → 70.0k NOK — check capital reduction, conversion, or reclassification. Interpretation