ADVOKAT KJELL MYRLAND AS: årsregnskap 2020 vs 2019
Shrank 49% on revenue, slipped into loss
approved 2021-04-26; registry 2021-05-01; journal 2021 244411
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT KJELL MYRLAND AS. Revenue 2.13m NOK → 1.08m NOK (-49.2%). Net result +387.1k NOK → -167.2k NOK. Equity 819.5k NOK → 652.3k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 371.5k NOK → 418.3k NOK (+12.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 465.3k NOK → 442.4k NOK (22% → 41% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.13m NOK to 1.08m NOK (-49.2% YoY). Calculated
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↓
Operating result weakened
Operating result +541.9k NOK → -162.1k NOK (op. margin 25.4% → -15.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 387.1k NOK profit to a loss of 167.2k NOK. Calculated
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↓
Equity eroded
Book equity 819.5k NOK → 652.3k NOK (equity ratio 69153.8% → 75.4%). Calculated