FirmaIQ
Org.nr 992 585 749 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET STERRI, REHMAN OG HENRIKSEN AS: årsregnskap 2021 vs 2020

Grew 15% on revenue, stronger earnings

approved 2022-04-29; registry 2022-05-03; journal 2022 250503

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET STERRI, REHMAN OG HENRIKSEN AS. Revenue 10.28m NOK → 11.79m NOK (+14.7%). Net result +4.38m NOK → +5.73m NOK. Equity 586.4k NOK → 255.5k NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET STERRI, REHMAN OG HENRIKSEN AS.

At a glance

Scorecard

Revenue
10.28m NOK 11.79m NOK
+14.7%
Operating result
+5.63m NOK +7.34m NOK
+30.5%
Net result
+4.38m NOK +5.73m NOK
+30.9%
Equity
586.4k NOK 255.5k NOK
-56.4%
Cash
5.63m NOK 7.14m NOK
+26.8%
Total assets
6.87m NOK 9.14m NOK
+33.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 10.28m NOK to 11.79m NOK (+14.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +5.63m NOK → +7.34m NOK (op. margin 54.7% → 62.3%). Calculated

  • ↑

    Net result improved

    Net result +4.38m NOK → +5.73m NOK (net margin 42.6% → 48.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 5.63m NOK → 7.14m NOK (+26.8% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.05m NOK → 3.00m NOK (30% → 25% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 586.4k NOK → 255.5k NOK (equity ratio 8.5% → 2.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 2.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation