ADVOKAT GAUTE NILSEN AS: årsregnskap 2020 vs 2019
Grew 23% on revenue, returned to profit, cash halved-plus
approved 2021-04-21; registry 2021-05-04; journal 2021 257546
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT GAUTE NILSEN AS. Revenue 1.82m NOK → 2.24m NOK (+23.1%). Net result -325 NOK → +90.8k NOK. Equity 40.6k NOK → 7.13m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKAT GAUTE NILSEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.82m NOK to 2.24m NOK (+23.1% YoY). Calculated
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Operating result improved
Operating result +128.8k NOK → +247.5k NOK (op. margin 7.1% → 11.0%). Calculated
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Turned profitable
Net result flipped from a loss of 325 NOK to a profit of 90.8k NOK. Calculated
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Equity strengthened
Book equity 40.6k NOK → 7.13m NOK (equity ratio 1.5% → 238.0%). Calculated
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Current ratio back above 1×
Current ratio 0.00× → 1.93×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 383.2k NOK → 37.0k NOK (-90.4% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 2 019 NOK → 1.44m NOK (0% → 64% of revenue). Calculated
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Book investments changed
Investment / intangible book value 23.5k NOK → 93.7k NOK. Reported fact