ADVOKATHOLDING TVETER AS: årsregnskap 2021 vs 2020
Stronger earnings, cash halved-plus
approved 2022-02-21; registry 2022-03-28; journal 2022 170803
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATHOLDING TVETER AS. Net result +488.1k NOK → +787.6k NOK. Equity 3.22m NOK → 4.01m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADVOKATHOLDING TVETER AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -12.0k NOK → +12.4k NOK. Calculated
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↑
Net result improved
Net result +488.1k NOK → +787.6k NOK. Calculated
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↑
Equity strengthened
Book equity 3.22m NOK → 4.01m NOK (equity ratio 98.6% → 55.4%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 3.25m NOK → 1.07m NOK (-67.1% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.25m NOK → 1.07m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 3 NOK → 20.0k NOK. Reported fact