FirmaIQ
Org.nr 915 965 091 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET TORSTRUP AS: årsregnskap 2021 vs 2020

Weaker earnings, cash halved-plus

approved 2022-04-29; registry 2022-05-03; journal 2022 249021

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET TORSTRUP AS. Revenue 24.19m NOK → 23.45m NOK (-3.1%). Net result +2.30m NOK → +691.8k NOK. Equity 5.77m NOK → 4.03m NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
24.19m NOK 23.45m NOK
-3.1%
Operating result
+3.05m NOK +920.3k NOK
-69.8%
Net result
+2.30m NOK +691.8k NOK
-70.0%
Equity
5.77m NOK 4.03m NOK
-30.1%
Cash
3.88m NOK 1.69m NOK
-56.3%
Total assets
12.48m NOK 10.91m NOK
-12.6%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 24.19m NOK to 23.45m NOK (-3.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.05m NOK → +920.3k NOK (op. margin 12.6% → 3.9%). Calculated

  • ↓

    Net result weakened

    Net result +2.30m NOK → +691.8k NOK (net margin 9.5% → 3.0%). Calculated

  • ↓

    Equity eroded

    Book equity 5.77m NOK → 4.03m NOK (equity ratio 46.2% → 37.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.88m NOK → 1.69m NOK (-56.3% YoY). Calculated