ADVOKAT ESPEN SIMONSEN AS: årsregnskap 2020 vs 2019
Returned to profit, cash halved-plus
registry 2021-04-26; journal 2021 227956
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT ESPEN SIMONSEN AS. Revenue 2.74m NOK → 2.82m NOK (+2.9%). Net result -24.0k NOK → +167.7k NOK. Equity 1.35m NOK → 1.32m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.74m NOK to 2.82m NOK (+2.9% YoY). Calculated
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↑
Operating result improved
Operating result -35.8k NOK → +212.8k NOK (op. margin -1.3% → 7.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 24.0k NOK to a profit of 167.7k NOK. Calculated
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↑
Payroll decreased
Salary cost 2.17m NOK → 2.04m NOK (79% → 72% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 1.35m NOK → 1.32m NOK (equity ratio 70.0% → 58.0%). Calculated
-
↓
Cash fell
Bank deposits 822.4k NOK → 70.8k NOK (-91.4% YoY). Calculated