FirmaIQ
Org.nr 918 357 408 2019 → 2020 Year-over-year analysis

ADVOKAT CAMILLA ØDEGAARD LETNES AS: årsregnskap 2020 vs 2019

Weaker earnings

approved 2021-04-28; registry 2021-05-03; journal 2021 249130

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT CAMILLA ØDEGAARD LETNES AS. Revenue 2.07m NOK → 2.13m NOK (+2.5%). Net result +394.7k NOK → +300.4k NOK. Equity 642.7k NOK → 943.1k NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVOKAT CAMILLA ØDEGAARD LETNES AS.

At a glance

Scorecard

Revenue
2.07m NOK 2.13m NOK
+2.5%
Operating result
+507.5k NOK +392.3k NOK
-22.7%
Net result
+394.7k NOK +300.4k NOK
-23.9%
Equity
642.7k NOK 943.1k NOK
+46.7%
Cash
267.2k NOK 751.0k NOK
+181.1%
Total assets
1.05m NOK 1.60m NOK
+51.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.07m NOK to 2.13m NOK (+2.5% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 642.7k NOK → 943.1k NOK (equity ratio 61.1% → 59.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 267.2k NOK → 751.0k NOK (+181.1% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.94m NOK → 870.5k NOK (93% → 41% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +507.5k NOK → +392.3k NOK (op. margin 24.5% → 18.4%). Calculated

  • ↓

    Net result weakened

    Net result +394.7k NOK → +300.4k NOK (net margin 19.0% → 14.1%). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 426.6k NOK → 612.0k NOK (+43.5% YoY). Calculated