ADVOKATHUSET VEST AS: årsregnskap 2021 vs 2020
Shrank 99% on revenue, cash halved-plus
approved 2022-06-30; registry 2022-08-10; journal 2022 835121
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATHUSET VEST AS. Revenue 10.8k NOK → 77 NOK (-99.3%). Net result -13.4k NOK → -10.8k NOK. Equity -33.4k NOK → -44.2k NOK.
On the constructive side: operating result improved; net result improved. 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 VEST AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -13.4k NOK → -10.8k NOK (op. margin -123.7% → -14090.9%). Calculated
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↑
Net result improved
Net result -13.4k NOK → -10.8k NOK (net margin -123.7% → -14090.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.8k NOK to 77 NOK (-99.3% YoY). Calculated
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↓
Equity eroded
Book equity -33.4k NOK → -44.2k NOK (equity ratio -501.9% → -2160.5%). Calculated
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↓
Cash fell
Bank deposits 6 646 NOK → 2 046 NOK (-69.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -2160.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation