ADVOKAT ANDERS KJØREN AS: årsregnskap 2020 vs 2019
Grew 85% on revenue, weaker earnings
approved 2021-04-29; registry 2021-05-03; journal 2021 250396
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT ANDERS KJØREN AS. Revenue 1.91m NOK → 3.53m NOK (+85.0%). Net result +461.1k NOK → +41.5k NOK. Equity 151.1k NOK → 142.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKAT ANDERS KJØREN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.91m NOK to 3.53m NOK (+85.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +590.9k NOK → +297.9k NOK (op. margin 31.0% → 8.5%). Calculated
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↓
Net result weakened
Net result +461.1k NOK → +41.5k NOK (net margin 24.2% → 1.2%). Calculated
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↓
Equity eroded
Book equity 151.1k NOK → 142.6k NOK (equity ratio 10.5% → 6.4%). Calculated
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↓
Cash fell
Bank deposits 491.9k NOK → 423.5k NOK (-13.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 6 883 NOK → 1.38m NOK (0% → 39% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 54.8k NOK → 12.9k NOK (-76.5% YoY). Calculated