ADVOKAT LEIRVÅG AS: årsregnskap 2020 vs 2019
Grew 17% on revenue, stronger earnings
approved 2021-02-24; registry 2021-03-01; journal 2021 131674
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT LEIRVÅG AS. Revenue 1.49m NOK → 1.74m NOK (+17.3%). Net result +248.9k NOK → +540.3k NOK. Equity 713.8k NOK → 654.1k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Net constructive year on the published lines.
At a glance
Scorecard
Revenue
1.49m NOK
1.74m NOK
+17.3%
Operating result
n/m
+665.69m NOK
—
Net result
+248.9k NOK
+540.3k NOK
+117.1%
Equity
713.8k NOK
654.1k NOK
-8.4%
Cash
822.5k NOK
870.8k NOK
+5.9%
Total assets
1.44m NOK
1.65m NOK
+14.0%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.49m NOK to 1.74m NOK (+17.3% YoY). Calculated
-
↑
Net result improved
Net result +248.9k NOK → +540.3k NOK (net margin 16.8% → 31.0%). Calculated
-
↑
Cash rose
Bank deposits 822.5k NOK → 870.8k NOK (+5.9% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 713.8k NOK → 654.1k NOK (equity ratio 49.4% → 39.7%). Calculated