FirmaIQ
Org.nr 911 981 955 2019 → 2020 Year-over-year analysis

ADVOKAT EDEL OLSEN AS: årsregnskap 2020 vs 2019

Grew 18% on revenue

approved 2021-04-26; registry 2021-05-01; journal 2021 244715

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT EDEL OLSEN AS. Revenue 1.37m NOK → 1.61m NOK (+18.1%). Net result +7 511 NOK → +4 093 NOK. Equity 100.6k NOK → 104.7k NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT EDEL OLSEN AS.

At a glance

Scorecard

Revenue
1.37m NOK 1.61m NOK
+18.1%
Operating result
+7 240 NOK +5 400 NOK
-25.4%
Net result
+7 511 NOK +4 093 NOK
-45.5%
Equity
100.6k NOK 104.7k NOK
+4.1%
Cash
574.3k NOK 397.8k NOK
-30.7%
Total assets
855.4k NOK 880.1k NOK
+2.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.37m NOK to 1.61m NOK (+18.1% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 100.6k NOK → 104.7k NOK (equity ratio 11.8% → 11.9%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +7 240 NOK → +5 400 NOK (op. margin 0.5% → 0.3%). Calculated

  • ↓

    Net result weakened

    Net result +7 511 NOK → +4 093 NOK (net margin 0.5% → 0.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 574.3k NOK → 397.8k NOK (-30.7% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.01m NOK → 1.34m NOK (74% → 83% of revenue). Calculated