FirmaIQ
Org.nr 912 184 722 2020 → 2021 Year-over-year analysis

ADVOKATHUSET HARSTAD AS: årsregnskap 2021 vs 2020

Shrank 8% on revenue, stronger earnings

approved 2022-04-29; registry 2022-05-02; journal 2022 246951

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATHUSET HARSTAD AS. Revenue 4.84m NOK → 4.48m NOK (-7.5%). Net result +334.4k NOK → +418.4k NOK. Equity 940.0k NOK → 58.4k NOK.

On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATHUSET HARSTAD AS.

At a glance

Scorecard

Revenue
4.84m NOK 4.48m NOK
-7.5%
Operating result
+452.7k NOK +559.3k NOK
+23.6%
Net result
+334.4k NOK +418.4k NOK
+25.1%
Equity
940.0k NOK 58.4k NOK
-93.8%
Cash
1.52m NOK 1.16m NOK
-23.7%
Total assets
2.27m NOK 2.35m NOK
+3.5%

What improved

  • ↑

    Operating result improved

    Operating result +452.7k NOK → +559.3k NOK (op. margin 9.4% → 12.5%). Calculated

  • ↑

    Net result improved

    Net result +334.4k NOK → +418.4k NOK (net margin 6.9% → 9.3%). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.11m NOK → 2.62m NOK (64% → 59% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.84m NOK to 4.48m NOK (-7.5% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 940.0k NOK → 58.4k NOK (equity ratio 41.3% → 2.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.52m NOK → 1.16m NOK (-23.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 2.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation