FirmaIQ
Org.nr 922 949 646 2019 → 2020 Year-over-year analysis

ADVOKAT LINE GULBRANDSEN AS: årsregnskap 2020 vs 2019

Grew 109313% on revenue, stronger earnings

approved 2021-04-06; registry 2021-04-08; journal 2021 189089

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT LINE GULBRANDSEN AS. Revenue 1 715 NOK → 1.88m NOK (+109312.8%). Net result +63.8k NOK → +412.2k NOK. Equity 98.3k NOK → 510.5k NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT LINE GULBRANDSEN AS.

At a glance

Scorecard

Revenue
1 715 NOK 1.88m NOK
+109312.8%
Operating result
+89.3k NOK +534.6k NOK
+498.5%
Net result
+63.8k NOK +412.2k NOK
+546.5%
Equity
98.3k NOK 510.5k NOK
+419.5%
Cash
210.0k NOK 411.0k NOK
+95.8%
Total assets
808.2k NOK 933.0k NOK
+15.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 715 NOK to 1.88m NOK (+109312.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +89.3k NOK → +534.6k NOK (op. margin 5208.8% → 28.5%). Calculated

  • ↑

    Net result improved

    Net result +63.8k NOK → +412.2k NOK (net margin 3718.3% → 22.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 98.3k NOK → 510.5k NOK (equity ratio 12.2% → 54.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 210.0k NOK → 411.0k NOK (+95.8% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1 042 NOK → 1.86m NOK (61% → 99% of revenue). Calculated