ADVOKAT KATHARINA ANGVIK HJELMAAS AS: årsregnskap 2020 vs 2019
Stronger earnings
approved 2021-02-16; registry 2021-02-18; journal 2021 118467
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT KATHARINA ANGVIK HJELMAAS AS. Revenue 1.80m NOK → 1.85m NOK (+3.0%). Net result +208.0k NOK → +334.1k NOK. Equity 718.0k NOK → 52.1k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVOKAT KATHARINA ANGVIK HJELMAAS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.80m NOK to 1.85m NOK (+3.0% YoY). Calculated
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Net result improved
Net result +208.0k NOK → +334.1k NOK (net margin 11.6% → 18.1%). Calculated
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Payroll decreased
Salary cost 2.88m NOK → 928.1k NOK (161% → 50% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +438.5k NOK → +430.5k NOK (op. margin 24.4% → 23.3%). Calculated
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↓
Equity eroded
Book equity 718.0k NOK → 52.1k NOK (equity ratio 58.3% → 2.4%). Calculated
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↓
Cash fell
Bank deposits 265.4k NOK → 261.3k NOK (-1.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 543.0k NOK → 343.0k NOK. Reported fact