ADVOKAT MAGNHILD MERINGEN AS: årsregnskap 2020 vs 2019
Shrank 63% on revenue, slipped into loss
approved 2021-02-16; registry 2021-02-18; journal 2021 118537
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT MAGNHILD MERINGEN AS. Revenue 1.93m NOK → 722.6k NOK (-62.5%). Net result +525.5k NOK → -82.9k NOK. Equity 1.83m NOK → 1.59m NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT MAGNHILD MERINGEN AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 353.0k NOK → 458.5k NOK (+29.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.07× → 1.58×. Calculated
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Payroll decreased
Salary cost 2.94m NOK → 1.50m NOK (153% → 208% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.93m NOK to 722.6k NOK (-62.5% YoY). Calculated
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Operating result weakened
Operating result +572.0k NOK → -139.5k NOK (op. margin 29.6% → -19.3%). Calculated
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Fell into a net loss
Net result flipped from 525.5k NOK profit to a loss of 82.9k NOK. Calculated
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↓
Equity eroded
Book equity 1.83m NOK → 1.59m NOK (equity ratio 77.8% → 70.1%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.28m NOK → 1.20m NOK. Reported fact