ADVOKAT LEIF STRØM AS: årsregnskap 2020 vs 2019
Shrank 22% on revenue, slipped into loss, cash halved-plus
approved 2021-04-30; registry 2021-05-03; journal 2021 257034
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT LEIF STRØM AS. Revenue 3.43m NOK → 2.66m NOK (-22.5%). Net result +294.3k NOK → -256.9k NOK. Equity 678.6k NOK → 421.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKAT LEIF STRØM AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.11m NOK → 2.02m NOK (62% → 76% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.43m NOK to 2.66m NOK (-22.5% YoY). Calculated
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↓
Operating result weakened
Operating result +384.8k NOK → -329.9k NOK (op. margin 11.2% → -12.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 294.3k NOK profit to a loss of 256.9k NOK. Calculated
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↓
Equity eroded
Book equity 678.6k NOK → 421.7k NOK. Calculated
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↓
Cash fell
Bank deposits 1.10m NOK → 338.8k NOK (-69.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.10m NOK → 338.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation