ADVOKAT BJØRN SOLTVEDT AS: årsregnskap 2020 vs 2019
Grew 419% on revenue, weaker earnings
approved 2021-03-23; registry 2021-04-17; journal 2021 206073
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT BJØRN SOLTVEDT AS. Revenue 251.3k NOK → 1.30m NOK (+419.1%). Net result +291.2k NOK → +17.3k NOK. Equity 521.9k NOK → 539.2k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT BJØRN SOLTVEDT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 251.3k NOK to 1.30m NOK (+419.1% YoY). Calculated
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↑
Equity strengthened
Book equity 521.9k NOK → 539.2k NOK (equity ratio 63.4% → 61.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +290.9k NOK → -62.4k NOK (op. margin 115.8% → -4.8%). Calculated
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↓
Net result weakened
Net result +291.2k NOK → +17.3k NOK (net margin 115.9% → 1.3%). Calculated
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↓
Cash fell
Bank deposits 160.4k NOK → 158.0k NOK (-1.5% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 609.5k NOK → 1.02m NOK (243% → 78% of revenue). Calculated