Org.nr 995 903 849 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET TORUNN HAUG AS: årsregnskap 2021 vs 2020

Weaker earnings

approved 2022-04-29; registry 2022-05-02; journal 2022 246375

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET TORUNN HAUG AS. Revenue 1.73m NOK → 1.72m NOK (-0.6%). Net result +369.4k NOK → +212.9k NOK. Equity 919.7k NOK → 932.6k NOK.

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

Net tougher year on the published lines.

Scorecard

Revenue
1.73m NOK 1.72m NOK
-0.6%
Operating result
+472.9k NOK +272.0k NOK
-42.5%
Net result
+369.4k NOK +212.9k NOK
-42.4%
Equity
919.7k NOK 932.6k NOK
+1.4%
Cash
126.1k NOK 646.5k NOK
+412.8%
Total assets
1.58m NOK 1.19m NOK
-24.6%

What improved

  • ↑

    Equity strengthened

    Book equity 919.7k NOK → 932.6k NOK (equity ratio 58.3% → 78.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 126.1k NOK → 646.5k NOK (+412.8% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.73m NOK to 1.72m NOK (-0.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +472.9k NOK → +272.0k NOK (op. margin 27.4% → 15.8%). Calculated

  • ↓

    Net result weakened

    Net result +369.4k NOK → +212.9k NOK (net margin 21.4% → 12.4%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2 NOK → 774.2k NOK (0% → 45% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 86.3k NOK → 245.7k NOK (+184.8% YoY). Calculated