ADVOKATFIRMAET VAGHEFI AS: årsregnskap 2021 vs 2020
Shrank 28% on revenue, stronger earnings
approved 2022-05-27; registry 2022-05-30; journal 2022 374042
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET VAGHEFI AS. Revenue 998.8k NOK → 714.9k NOK (-28.4%). Net result -51.1k NOK → -21.4k NOK. Equity 588.9k NOK → 437.1k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMAET VAGHEFI AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -42.0k NOK → -21.8k NOK (op. margin -4.2% → -3.0%). Calculated
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↑
Net result improved
Net result -51.1k NOK → -21.4k NOK (net margin -5.1% → -3.0%). Calculated
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↑
Payroll decreased
Salary cost 649.0k NOK → 510.4k NOK (65% → 71% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 998.8k NOK to 714.9k NOK (-28.4% YoY). Calculated
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↓
Equity eroded
Book equity 588.9k NOK → 437.1k NOK (equity ratio 73.0% → 68.5%). Calculated
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↓
Cash fell
Bank deposits 550.3k NOK → 406.5k NOK (-26.1% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 160.4k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation