ADVOKATFIRMAET STEINSVIK AS: årsregnskap 2021 vs 2020
Shrank 51% on revenue, slipped into loss, cash halved-plus
approved 2022-05-02; registry 2022-05-04; journal 2022 255868
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET STEINSVIK AS. Revenue 4.13m NOK → 2.03m NOK (-51.0%). Net result +599.7k NOK → -1.23m NOK. Equity 1.27m NOK → -167.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATFIRMAET STEINSVIK AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.42m NOK → 2.39m NOK (59% → 118% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.13m NOK to 2.03m NOK (-51.0% YoY). Calculated
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↓
Operating result weakened
Operating result +774.4k NOK → -1.22m NOK (op. margin 18.7% → -60.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 599.7k NOK profit to a loss of 1.23m NOK. Calculated
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↓
Equity eroded
Book equity 1.27m NOK → -167.0k NOK (equity ratio 61.3% → -34.4%). Calculated
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↓
Cash fell
Bank deposits 1.45m NOK → 257.2k NOK (-82.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -34.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.45m NOK → 257.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation