FirmaIQ
Org.nr 819 854 602 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET TORGERSEN AS: årsregnskap 2021 vs 2020

Grew 22% on revenue, stronger earnings

approved 2022-03-08; registry 2022-03-24; journal 2022 165317

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET TORGERSEN AS. Revenue 2.51m NOK → 3.05m NOK (+21.7%). Net result +739.4k NOK → +1.17m NOK. Equity 11.68m NOK → 1.20m NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET TORGERSEN AS.

At a glance

Scorecard

Revenue
2.51m NOK 3.05m NOK
+21.7%
Operating result
+949.2k NOK +499.9k NOK
-47.3%
Net result
+739.4k NOK +1.17m NOK
+58.0%
Equity
11.68m NOK 1.20m NOK
-89.7%
Cash
1.21m NOK 1.60m NOK
+31.5%
Total assets
1.84m NOK 2.47m NOK
+34.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.51m NOK to 3.05m NOK (+21.7% YoY). Calculated

  • ↑

    Net result improved

    Net result +739.4k NOK → +1.17m NOK (net margin 29.5% → 38.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.21m NOK → 1.60m NOK (+31.5% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +949.2k NOK → +499.9k NOK (op. margin 37.8% → 16.4%). Calculated

  • ↓

    Equity eroded

    Book equity 11.68m NOK → 1.20m NOK (equity ratio 635.9% → 48.6%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.15m NOK → 1.16m NOK (46% → 38% of revenue). Calculated