ADVOKAT BJØRNAR HÅLAND AS: årsregnskap 2020 vs 2019
Shrank 12% on revenue, stronger earnings
approved 2021-02-26; registry 2021-03-01; journal 2021 131726
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT BJØRNAR HÅLAND AS. Revenue 2.14m NOK → 1.89m NOK (-11.6%). Net result +10 NOK → +165.1k NOK. Equity 765.6k NOK → 930.7k NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT BJØRNAR HÅLAND AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +10 NOK → +165.1k NOK (net margin 0.0% → 8.7%). Calculated
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Equity strengthened
Book equity 765.6k NOK → 930.7k NOK (equity ratio 58.5% → 47.8%). Calculated
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Cash rose
Bank deposits 109.6k NOK → 208.9k NOK (+90.6% YoY). Calculated
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Payroll decreased
Salary cost 4.61m NOK → 1.11m NOK (215% → 59% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.14m NOK to 1.89m NOK (-11.6% YoY). Calculated
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Operating result weakened
Operating result +844.1k NOK → +139.6k NOK (op. margin 39.4% → 7.4%). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 6 000 NOK → 6 NOK. Reported fact