ADVOKAT CAMILLA SOLBAKKEN AS: årsregnskap 2020 vs 2019
Grew 203% on revenue, weaker earnings
approved 2021-04-19; registry 2021-04-22; journal 2021 216557
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT CAMILLA SOLBAKKEN AS. Revenue 606.2k NOK → 1.84m NOK (+202.8%). Net result +7.22m NOK → +458.4k NOK. Equity 7.20m NOK → 490.6k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 606.2k NOK to 1.84m NOK (+202.8% YoY). Calculated
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Operating result improved
Operating result +289.1k NOK → +589.3k NOK (op. margin 47.7% → 32.1%). Calculated
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Cash rose
Bank deposits 163.9k NOK → 461.3k NOK (+181.4% YoY). Calculated
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Payroll decreased
Salary cost 949.2k NOK → 914.0k NOK (157% → 50% of revenue). Calculated
What deteriorated
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Net result weakened
Net result +7.22m NOK → +458.4k NOK (net margin 1191.5% → 25.0%). Calculated
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Equity eroded
Book equity 7.20m NOK → 490.6k NOK (equity ratio 1160.0% → 891.1%). Calculated
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Current ratio dropped below 1×
Current ratio 1.45× → 0.08× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated