ADVOCATOR ADVOKATFIRMA AS: årsregnskap 2020 vs 2019
Shrank 6% on revenue, weaker earnings
approved 2021-04-26; registry 2021-04-28; journal 2021 236773
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOCATOR ADVOKATFIRMA AS. Revenue 7.48m NOK → 7.06m NOK (-5.6%). Net result +8.23m NOK → +803.5k NOK. Equity 1.60m NOK → 1.89m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADVOCATOR ADVOKATFIRMA AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.60m NOK → 1.89m NOK (equity ratio 43.4% → 56.6%). Calculated
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↑
Payroll decreased
Salary cost 4.95m NOK → 4.12m NOK (66% → 58% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.48m NOK to 7.06m NOK (-5.6% YoY). Calculated
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↓
Operating result weakened
Operating result +288.5k NOK → +52.1k NOK (op. margin 3.9% → 0.7%). Calculated
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↓
Net result weakened
Net result +8.23m NOK → +803.5k NOK (net margin 110.0% → 11.4%). Calculated
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↓
Cash fell
Bank deposits 1.56m NOK → 922.3k NOK (-40.8% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 85.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 91.7k NOK → 50.0k NOK. Reported fact