Org.nr 923 422 439 2019 → 2020 Year-over-year analysis

ADVOKAT AABAK AS: årsregnskap 2020 vs 2019

Grew 208% on revenue, cash halved-plus

approved 2021-03-24; registry 2021-03-30; journal 2021 180524

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT AABAK AS. Revenue 291.9k NOK → 900.0k NOK (+208.3%). Equity 2.11m NOK → 214.3k NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKAT AABAK AS.

At a glance

Revenue

291.9k NOK 900.0k NOK

+208.3%

Operating result

n/m +136.4k NOK

—

Net result

n/m +103.4k NOK

—

Equity

2.11m NOK 214.3k NOK

-89.8%

Cash

223.2k NOK 28.3k NOK

-87.3%

Total assets

687.9k NOK 100.1k NOK

-85.4%

↑
Revenue rose

Operating income / revenue moved from 291.9k NOK to 900.0k NOK (+208.3% YoY). Calculated

↓
Equity eroded

Book equity 2.11m NOK → 214.3k NOK (equity ratio 306.8% → 214.0%). Calculated
↓
Cash fell

Bank deposits 223.2k NOK → 28.3k NOK (-87.3% YoY). Calculated

·
Payroll increased

Salary cost 74.2k NOK → 1.45m NOK (25% → 161% of revenue). Calculated
·
Book investments changed

Investment / intangible book value 350.0k NOK → 415 NOK. Reported fact