FirmaIQ
Org.nr 913 516 850 2019 → 2020 Year-over-year analysis

ADVOKAT ERIK MØRCH AS: årsregnskap 2020 vs 2019

Shrank 8% on revenue, weaker earnings, cash halved-plus

approved 2021-04-14; registry 2021-04-28; journal 2021 234483

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT ERIK MØRCH AS. Revenue 233.6k NOK → 214.1k NOK (-8.3%). Net result +44.5k NOK → +31.9k NOK. Equity 30.0k NOK → 61.9k NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
233.6k NOK 214.1k NOK
-8.3%
Operating result
+56.6k NOK +40.6k NOK
-28.2%
Net result
+44.5k NOK +31.9k NOK
-28.3%
Equity
30.0k NOK 61.9k NOK
+106.3%
Cash
116.9k NOK 39.4k NOK
-66.3%
Total assets
129.3k NOK 100.6k NOK
-22.2%

What improved

  • ↑

    Equity strengthened

    Book equity 30.0k NOK → 61.9k NOK (equity ratio 23.2% → 61.5%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 233.6k NOK to 214.1k NOK (-8.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +56.6k NOK → +40.6k NOK (op. margin 24.2% → 19.0%). Calculated

  • ↓

    Net result weakened

    Net result +44.5k NOK → +31.9k NOK (net margin 19.0% → 14.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 116.9k NOK → 39.4k NOK (-66.3% YoY). Calculated