FirmaIQ
Org.nr 989 258 699 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET SYLTE AS: årsregnskap 2021 vs 2020

Shrank 9% on revenue, weaker earnings, cash halved-plus

registry 2022-04-26; journal 2022 223524

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET SYLTE AS. Revenue 15.60m NOK → 14.18m NOK (-9.1%). Net result +2.35m NOK → +1.49m NOK. Equity 14.74m NOK → 14.09m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATFIRMAET SYLTE AS.

At a glance

Scorecard

Revenue
15.60m NOK 14.18m NOK
-9.1%
Operating result
+3.05m NOK +1.94m NOK
-36.3%
Net result
+2.35m NOK +1.49m NOK
-36.6%
Equity
14.74m NOK 14.09m NOK
-4.4%
Cash
5.43m NOK 1.92m NOK
-64.6%
Total assets
18.28m NOK 17.23m NOK
-5.7%

What improved

  • ↑

    Payroll decreased

    Salary cost 8.58m NOK → 8.51m NOK (55% → 60% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 15.60m NOK to 14.18m NOK (-9.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.05m NOK → +1.94m NOK (op. margin 19.5% → 13.7%). Calculated

  • ↓

    Net result weakened

    Net result +2.35m NOK → +1.49m NOK (net margin 15.1% → 10.5%). Calculated

  • ↓

    Equity eroded

    Book equity 14.74m NOK → 14.09m NOK (equity ratio 80.7% → 81.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.43m NOK → 1.92m NOK (-64.6% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (5.43m NOK → 1.92m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation