ADVOKAT FRANK OVE KVALVIK AS: årsregnskap 2020 vs 2019
Shrank 51% on revenue
approved 2021-03-31; registry 2021-04-08; journal 2021 187725
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT FRANK OVE KVALVIK AS. Revenue 1.89m NOK → 923.8k NOK (-51.2%).
On the constructive side: cash rose. Pressures included: revenue fell; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
Revenue
1.89m NOK
923.8k NOK
-51.2%
Operating result
n/m
+234.5k NOK
—
Net result
n/m
+193.4k NOK
—
Equity
1.26m NOK
n/m
—
Cash
378.8k NOK
955.2k NOK
+152.1%
Total assets
1.72m NOK
2.00m NOK
+16.0%
What improved
-
↑
Cash rose
Bank deposits 378.8k NOK → 955.2k NOK (+152.1% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.89m NOK to 923.8k NOK (-51.2% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.10m NOK → 1.13m NOK (58% → 123% of revenue). Calculated