ADVOKAT GRO ARNESEN FREMSTAD AS: årsregnskap 2020 vs 2019
Grew 29% on revenue, stronger earnings
approved 2021-04-28; registry 2021-05-03; journal 2021 257064
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT GRO ARNESEN FREMSTAD AS. Revenue 1.74m NOK → 2.24m NOK (+28.5%). Net result +324.2k NOK → +697.7k NOK. Equity 762.8k NOK → 760.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT GRO ARNESEN FREMSTAD AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.74m NOK to 2.24m NOK (+28.5% YoY). Calculated
-
↑
Operating result improved
Operating result +416.4k NOK → +888.7k NOK (op. margin 23.9% → 39.7%). Calculated
-
↑
Net result improved
Net result +324.2k NOK → +697.7k NOK (net margin 18.6% → 31.2%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.40× → 7.62×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 762.8k NOK → 760.4k NOK (equity ratio 332.3% → 4278.0%). Calculated
-
↓
Cash fell
Bank deposits 850.5k NOK → 600.8k NOK (-29.4% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 927.0k NOK → 1.00m NOK (53% → 45% of revenue). Calculated