ADVOKAT CATO SIMONSEN AS: årsregnskap 2020 vs 2019
Grew 10% on revenue
approved 2021-01-21; registry 2021-04-06; journal 2021 184366
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT CATO SIMONSEN AS. Revenue 4.46m NOK → 4.92m NOK (+10.4%). Equity 2.75m NOK → 1.43m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT CATO SIMONSEN AS.
At a glance
Scorecard
Revenue
4.46m NOK
4.92m NOK
+10.4%
Operating result
n/m
+977.1k NOK
—
Net result
n/m
-1.26m NOK
—
Equity
2.75m NOK
1.43m NOK
-48.0%
Cash
2.28m NOK
3.48m NOK
+52.9%
Total assets
4.09m NOK
4.70m NOK
+15.0%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 4.46m NOK to 4.92m NOK (+10.4% YoY). Calculated
-
↑
Cash rose
Bank deposits 2.28m NOK → 3.48m NOK (+52.9% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 2.75m NOK → 1.43m NOK (equity ratio 67.3% → 30.4%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 2.76m NOK → 2.90m NOK (62% → 59% of revenue). Calculated