ADVOKAT EIVIND KOGSTAD HOLDING AS: årsregnskap 2020 vs 2019
Shrank 25% on revenue, weaker earnings, cash halved-plus
approved 2021-04-30; registry 2021-05-06; journal 2021 264467
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT EIVIND KOGSTAD HOLDING AS. Revenue 174.2k NOK → 130.7k NOK (-25.0%). Net result +594.7k NOK → +110.0k NOK. Equity 9.33m NOK → 6.94m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKAT EIVIND KOGSTAD HOLDING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 174.2k NOK to 130.7k NOK (-25.0% YoY). Calculated
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Operating result weakened
Operating result -8 901 NOK → -89.4k NOK (op. margin -5.1% → -68.4%). Calculated
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Net result weakened
Net result +594.7k NOK → +110.0k NOK (net margin 341.5% → 84.2%). Calculated
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Equity eroded
Book equity 9.33m NOK → 6.94m NOK (equity ratio 96.8% → 98.4%). Calculated
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Cash fell
Bank deposits 1.19m NOK → 174.4k NOK (-85.4% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.19m NOK → 174.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 9.33m NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation