ADNOR ADVOKAT AS: årsregnskap 2020 vs 2019
Grew 12% on revenue
approved 2021-04-27; registry 2021-05-01; journal 2021 243105
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADNOR ADVOKAT AS. Revenue 23.24m NOK → 25.98m NOK (+11.8%). Net result +9 932 NOK → +8 450 NOK. Equity 482.6k NOK → 511.1k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADNOR ADVOKAT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 23.24m NOK to 25.98m NOK (+11.8% YoY). Calculated
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↑
Equity strengthened
Book equity 482.6k NOK → 511.1k NOK (equity ratio 6.2% → 5.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +2.34m NOK → +2.21m NOK (op. margin 10.1% → 8.5%). Calculated
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↓
Net result weakened
Net result +9 932 NOK → +8 450 NOK (net margin 0.0% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 1.92m NOK → 1.53m NOK (-20.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 344.0k NOK → 364 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 15.93m NOK → 18.14m NOK (69% → 70% of revenue). Calculated