ADVOKAT LØVDAL AS: årsregnskap 2020 vs 2019
Grew 94700% on revenue, weaker earnings
approved 2021-02-17; registry 2021-02-22; journal 2021 121521
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT LØVDAL AS. Revenue 1 851 NOK → 1.75m NOK (+94700.5%). Net result +445.6k NOK → +178.4k NOK. Equity 4.48m NOK → 654.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKAT LØVDAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 851 NOK to 1.75m NOK (+94700.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +571.9k NOK → +231.5k NOK (op. margin 30897.1% → 13.2%). Calculated
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↓
Net result weakened
Net result +445.6k NOK → +178.4k NOK (net margin 24075.5% → 10.2%). Calculated
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↓
Equity eroded
Book equity 4.48m NOK → 654.0k NOK (equity ratio 501.3% → 69.8%). Calculated
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↓
Cash fell
Bank deposits 715.4k NOK → 472.1k NOK (-34.0% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 631 NOK → 807.5k NOK (88% → 46% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 143.5k NOK → 17.0k NOK (-88.2% YoY). Calculated