ADVOKAT BRATTENG AS: årsregnskap 2020 vs 2019
Grew 19% on revenue, slipped into loss
approved 2021-04-29; registry 2021-05-03; journal 2021 249314
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT BRATTENG AS. Revenue 2.97m NOK → 3.52m NOK (+18.6%). Net result +117.7k NOK → -27.5k NOK. Equity 327.1k NOK → 299.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT BRATTENG AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.97m NOK to 3.52m NOK (+18.6% YoY). Calculated
-
↑
Cash rose
Bank deposits 110.1k NOK → 135.7k NOK (+23.2% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +164.8k NOK → -15.9k NOK (op. margin 5.6% → -0.5%). Calculated
-
↓
Fell into a net loss
Net result flipped from 117.7k NOK profit to a loss of 27.5k NOK. Calculated
-
↓
Equity eroded
Book equity 327.1k NOK → 299.7k NOK (equity ratio 33.6% → 195.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.48× → 0.18× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 1.78m NOK → 2.17m NOK (60% → 62% of revenue). Calculated