ADVOKAT KJELL-ARNE MATHISEN AS: årsregnskap 2020 vs 2019
Shrank 19% on revenue, stronger earnings
approved 2021-04-28; registry 2021-05-03; journal 2021 250822
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT KJELL-ARNE MATHISEN AS. Revenue 811.6k NOK → 655.2k NOK (-19.3%). Net result +30.3k NOK → +109.7k NOK. Equity -51.2k NOK → 58.4k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue; cogs moved.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +29.7k NOK → +122.5k NOK (op. margin 3.7% → 18.7%). Calculated
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Net result improved
Net result +30.3k NOK → +109.7k NOK (net margin 3.7% → 16.7%). Calculated
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Equity strengthened
Book equity -51.2k NOK → 58.4k NOK (equity ratio -69.7% → 12.9%). Calculated
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Cash rose
Bank deposits 1 904 NOK → 421.8k NOK (+22051.8% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.59× → 1.15×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 811.6k NOK to 655.2k NOK (-19.3% YoY). Calculated
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Payroll up without matching revenue
Salary cost 463.7k NOK → 873.7k NOK (57% → 133% of revenue). Calculated
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COGS moved
COGS / varekostnad 53.5k NOK → 198.0k NOK (+269.8% YoY). Calculated