ADVOKATFIRMAET TØNSET AS: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus, fresh owner capital
approved 2022-04-30; registry 2022-05-03; journal 2022 250593
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET TØNSET AS. Revenue 8.87m NOK → 8.60m NOK (-3.1%). Net result +7.80m NOK → +184.2k NOK. Equity 2.30m NOK → 1.77m NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET TØNSET AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 302 NOK → 1.30m NOK (+1.30m NOK). Reported fact
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Payroll decreased
Salary cost 2.05m NOK → 1.68m NOK (23% → 20% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.87m NOK to 8.60m NOK (-3.1% YoY). Calculated
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Operating result weakened
Operating result +851.7k NOK → +180.9k NOK (op. margin 9.6% → 2.1%). Calculated
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Net result weakened
Net result +7.80m NOK → +184.2k NOK (net margin 87.9% → 2.1%). Calculated
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Equity eroded
Book equity 2.30m NOK → 1.77m NOK (equity ratio 46.9% → 52.3%). Calculated
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Cash fell
Bank deposits 2.83m NOK → 1.00m NOK (-64.5% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.83m NOK → 1.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 190.5k NOK → 106.2k NOK (-44.2% YoY). Calculated