FirmaIQ
Org.nr 898 783 812 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET SIMONSEN VOGT WIIG AS: årsregnskap 2021 vs 2020

Grew 13% on revenue, weaker earnings

approved 2022-05-19; registry 2022-06-29; journal 2022 554333

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET SIMONSEN VOGT WIIG AS. Revenue 478.31m NOK → 538.16m NOK (+12.5%). Net result +196.54m NOK → +13.70m NOK. Equity 13.16bn NOK → 13.14bn NOK.

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

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET SIMONSEN VOGT WIIG AS.

At a glance

Scorecard

Revenue
478.31m NOK 538.16m NOK
+12.5%
Operating result
+196.21m NOK +236.56m NOK
+20.6%
Net result
+196.54m NOK +13.70m NOK
-93.0%
Equity
13.16bn NOK 13.14bn NOK
-0.2%
Cash
62.95m NOK 42.38m NOK
-32.7%
Total assets
233.57m NOK 218.90m NOK
-6.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 478.31m NOK to 538.16m NOK (+12.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +196.21m NOK → +236.56m NOK (op. margin 41.0% → 44.0%). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +196.54m NOK → +13.70m NOK (net margin 41.1% → 2.5%). Calculated

  • ↓

    Equity eroded

    Book equity 13.16bn NOK → 13.14bn NOK (equity ratio 5634.9% → 6001.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 62.95m NOK → 42.38m NOK (-32.7% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 3.21bn NOK → 3.22bn NOK (670% → 599% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.86m NOK → 1.92m NOK. Reported fact