FirmaIQ
Org.nr 997 409 973 2019 → 2020 Year-over-year analysis

ADVOKAT HÅVAR WIIK AS: årsregnskap 2020 vs 2019

Grew 7% on revenue, slipped into loss, cash halved-plus

approved 2021-04-29; registry 2021-05-03; journal 2021 253182

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT HÅVAR WIIK AS. Revenue 1.97m NOK → 2.10m NOK (+6.6%). Net result +36.5k NOK → -5 201 NOK. Equity 105.2k NOK → 100.0k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT HÅVAR WIIK AS.

At a glance

Scorecard

Revenue
1.97m NOK 2.10m NOK
+6.6%
Operating result
+61.3k NOK +16.6k NOK
-72.9%
Net result
+36.5k NOK -5 201 NOK
-114.2%
Equity
105.2k NOK 100.0k NOK
-4.9%
Cash
66.3k NOK 6 299 NOK
-90.5%
Total assets
616.2k NOK 718.5k NOK
+16.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.97m NOK to 2.10m NOK (+6.6% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +61.3k NOK → +16.6k NOK (op. margin 3.1% → 0.8%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 36.5k NOK profit to a loss of 5 201 NOK. Calculated

  • ↓

    Equity eroded

    Book equity 105.2k NOK → 100.0k NOK (equity ratio 17.1% → 13.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 66.3k NOK → 6 299 NOK (-90.5% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.58m NOK → 1.80m NOK (80% → 86% of revenue). Calculated