FirmaIQ
Org.nr 912 176 800 2019 → 2020 Year-over-year analysis

ADVOKAT DAG BERNTSEN AS: årsregnskap 2020 vs 2019

Grew 6% on revenue, stronger earnings

approved 2021-04-29; registry 2021-05-03; journal 2021 252680

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT DAG BERNTSEN AS. Revenue 1.79m NOK → 1.89m NOK (+5.8%). Net result +275.7k NOK → +539.5k NOK. Equity 10.80m NOK → 13 NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKAT DAG BERNTSEN AS.

At a glance

Scorecard

Revenue
1.79m NOK 1.89m NOK
+5.8%
Operating result
+379.8k NOK +704.3k NOK
+85.5%
Net result
+275.7k NOK +539.5k NOK
+95.7%
Equity
10.80m NOK 13 NOK
-100.0%
Cash
22.3k NOK 250.3k NOK
+1020.0%
Total assets
1.53m NOK 2.03m NOK
+33.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.79m NOK to 1.89m NOK (+5.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +379.8k NOK → +704.3k NOK (op. margin 21.3% → 37.3%). Calculated

  • ↑

    Net result improved

    Net result +275.7k NOK → +539.5k NOK (net margin 15.4% → 28.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 22.3k NOK → 250.3k NOK (+1020.0% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 10.80m NOK → 13 NOK (equity ratio 707.7% → 0.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 814.7k NOK → 850.8k NOK (46% → 45% of revenue). Calculated