ADVOKAT KOCH AS: årsregnskap 2020 vs 2019
Grew 37% on revenue, weaker earnings, cash halved-plus
approved 2021-04-30; registry 2021-07-05; journal 2021 519886
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT KOCH AS. Revenue 1.49m NOK → 2.04m NOK (+36.9%). Net result +419.9k NOK → +145.0k NOK. Equity 1.88m NOK → 2.07m NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.49m NOK to 2.04m NOK (+36.9% YoY). Calculated
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Equity strengthened
Book equity 1.88m NOK → 2.07m NOK (equity ratio 88.5% → 60.0%). Calculated
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Owners injected capital
Paid-in equity rose 1.24m NOK → 1.47m NOK (+226.6k NOK). Reported fact
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Payroll decreased
Salary cost 300.0k NOK → 3 300 NOK (20% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +454.7k NOK → +427.2k NOK (op. margin 30.5% → 20.9%). Calculated
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Net result weakened
Net result +419.9k NOK → +145.0k NOK (net margin 28.2% → 7.1%). Calculated
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↓
Cash fell
Bank deposits 677.0k NOK → 163.2k NOK (-75.9% YoY). Calculated