FirmaIQ
Org.nr 988 843 725 2019 → 2020 Year-over-year analysis

ADVOKAT BERGESEN AS: årsregnskap 2020 vs 2019

Shrank 48% on revenue, stronger earnings, cash halved-plus

approved 2021-04-28; registry 2021-05-04; journal 2021 258904

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT BERGESEN AS. Revenue 3.40m NOK → 1.75m NOK (-48.5%). Net result +47.2k NOK → +290.2k NOK. Equity 5.93m NOK → 6.22m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT BERGESEN AS.

At a glance

Scorecard

Revenue
3.40m NOK 1.75m NOK
-48.5%
Operating result
-213.7k NOK +210.8k NOK
+198.7%
Net result
+47.2k NOK +290.2k NOK
+514.6%
Equity
5.93m NOK 6.22m NOK
+4.9%
Cash
77.3k NOK 30.7k NOK
-60.3%
Total assets
8.23m NOK 8.62m NOK
+4.8%

What improved

  • ↑

    Operating result improved

    Operating result -213.7k NOK → +210.8k NOK (op. margin -6.3% → 12.0%). Calculated

  • ↑

    Net result improved

    Net result +47.2k NOK → +290.2k NOK (net margin 1.4% → 16.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 5.93m NOK → 6.22m NOK (equity ratio 72.0% → 72.1%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.40m NOK to 1.75m NOK (-48.5% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 77.3k NOK → 30.7k NOK (-60.3% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.35m NOK → 12566.75bn NOK (69% → 717220001% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 196.6k NOK → -24.1k NOK (-112.3% YoY). Calculated