ADVOCATIA NORWEGIAN LAW ALLIANCE AS: årsregnskap 2020 vs 2019
Grew 63% on revenue, returned to profit
approved 2021-04-13; registry 2021-06-12; journal 2021 296138
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOCATIA NORWEGIAN LAW ALLIANCE AS. Revenue 1.32m NOK → 2.15m NOK (+62.8%). Net result -346.7k NOK → +169.0k NOK. Equity 176.9k NOK → 286.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for ADVOCATIA NORWEGIAN LAW ALLIANCE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.32m NOK to 2.15m NOK (+62.8% YoY). Calculated
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Operating result improved
Operating result -347.1k NOK → +168.2k NOK (op. margin -26.3% → 7.8%). Calculated
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Turned profitable
Net result flipped from a loss of 346.7k NOK to a profit of 169.0k NOK. Calculated
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Equity strengthened
Book equity 176.9k NOK → 286.2k NOK (equity ratio 80.3% → 81.7%). Calculated
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Cash rose
Bank deposits 91.6k NOK → 177.5k NOK (+93.7% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 78.5k NOK → 52.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 259.0k NOK → 1.45m NOK (+458.3% YoY). Calculated