ADVOKATHUSET HORTEN AS: årsregnskap 2021 vs 2020
Grew 24% on revenue, stronger earnings
approved 2022-02-01; registry 2022-02-05; journal 2022 112742
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATHUSET HORTEN AS. Revenue 5.60m NOK → 6.93m NOK (+23.9%). Net result +1.57m NOK → +2.17m NOK. Equity 1.20m NOK → 850.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVOKATHUSET HORTEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.60m NOK to 6.93m NOK (+23.9% YoY). Calculated
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↑
Operating result improved
Operating result +2.00m NOK → +2.77m NOK (op. margin 35.8% → 40.0%). Calculated
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↑
Net result improved
Net result +1.57m NOK → +2.17m NOK (net margin 28.1% → 31.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.20m NOK → 850.0k NOK (equity ratio 32.1% → 19.8%). Calculated
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↓
Cash fell
Bank deposits 2.39m NOK → 1.72m NOK (-27.9% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 850.0k NOK → 500.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 2.58m NOK → 2.99m NOK (46% → 43% of revenue). Calculated