ADVOKATKONTORET MYHR & CO AS: årsregnskap 2021 vs 2020
Grew 18% on revenue, weaker earnings
approved 2022-03-24; registry 2022-03-28; journal 2022 169221
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVOKATKONTORET MYHR & CO AS. Revenue 5.03m NOK → 5.96m NOK (+18.4%). Net result +214.2k NOK → +53.1k NOK. Equity 340.6k NOK → 393.7k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATKONTORET MYHR & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.03m NOK to 5.96m NOK (+18.4% YoY). Calculated
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↑
Equity strengthened
Book equity 340.6k NOK → 393.7k NOK (equity ratio 5.7% → 3.3%). Calculated
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↑
Cash rose
Bank deposits 4.33m NOK → 10.80m NOK (+149.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +254.9k NOK → +56.6k NOK (op. margin 5.1% → 1.0%). Calculated
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↓
Net result weakened
Net result +214.2k NOK → +53.1k NOK (net margin 4.3% → 0.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3.92m NOK → 4.97m NOK (78% → 83% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 97.2k NOK → 149.6k NOK (+53.9% YoY). Calculated