ADVOKAT JØRN EIKANGER AS: årsregnskap 2020 vs 2019
Grew 8% on revenue, stronger earnings
approved 2021-02-22; registry 2021-04-26; journal 2021 226340
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT JØRN EIKANGER AS. Revenue 2.79m NOK → 3.03m NOK (+8.3%). Net result +957.8k NOK → +1.23m NOK. Equity 303.4k NOK → 359.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.79m NOK to 3.03m NOK (+8.3% YoY). Calculated
-
↑
Operating result improved
Operating result +1.21m NOK → +1.57m NOK (op. margin 43.2% → 51.8%). Calculated
-
↑
Net result improved
Net result +957.8k NOK → +1.23m NOK (net margin 34.3% → 40.8%). Calculated
-
↑
Equity strengthened
Book equity 303.4k NOK → 359.8k NOK (equity ratio 17.9% → 16.8%). Calculated
-
↑
Payroll decreased
Salary cost 718.7k NOK → 696.6k NOK (26% → 23% of revenue). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 935.0k NOK → 633.8k NOK (-32.2% YoY). Calculated