ADVOKAT IMNA HARALD OTTERSTAD AS: årsregnskap 2020 vs 2019
Grew 5% on revenue, weaker earnings
approved 2021-04-27; registry 2021-05-04; journal 2021 257586
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT IMNA HARALD OTTERSTAD AS. Revenue 3.12m NOK → 3.29m NOK (+5.5%). Net result +737.0k NOK → +337.2k NOK. Equity 468.0k NOK → 555.3k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT IMNA HARALD OTTERSTAD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.12m NOK to 3.29m NOK (+5.5% YoY). Calculated
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↑
Equity strengthened
Book equity 468.0k NOK → 555.3k NOK (equity ratio 26.8% → 32.4%). Calculated
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↑
Cash rose
Bank deposits 303.9k NOK → 1.33m NOK (+336.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +951.0k NOK → +436.8k NOK (op. margin 30.5% → 13.3%). Calculated
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↓
Net result weakened
Net result +737.0k NOK → +337.2k NOK (net margin 23.6% → 10.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.37m NOK → 1.94m NOK (44% → 59% of revenue). Calculated