ADVOKAT AS: årsregnskap 2020 vs 2019
Shrank 50% on revenue, slipped into loss
approved 2021-04-07; registry 2021-04-28; journal 2021 236801
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT AS. Revenue 768.3k NOK → 383.5k NOK (-50.1%). Net result +258.3k NOK → -60.1k NOK. Equity 365.7k NOK → 305.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 321.6k NOK → 307.1k NOK (42% → 80% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 768.3k NOK to 383.5k NOK (-50.1% YoY). Calculated
-
↓
Operating result weakened
Operating result +315 NOK → -69.0k NOK (op. margin 0.0% → -18.0%). Calculated
-
↓
Fell into a net loss
Net result flipped from 258.3k NOK profit to a loss of 60.1k NOK. Calculated
-
↓
Equity eroded
Book equity 365.7k NOK → 305.6k NOK (equity ratio 59.3% → 63.0%). Calculated
-
↓
Cash fell
Bank deposits 329.8k NOK → 237.4k NOK (-28.0% YoY). Calculated