ADVOKAT MAGNUS HÅVÅS NERENG AS: årsregnskap 2020 vs 2019
Grew 138873% on revenue, stronger earnings
approved 2021-01-27; registry 2021-02-01; journal 2021 111771
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT MAGNUS HÅVÅS NERENG AS. Revenue 1 342 NOK → 1.87m NOK (+138872.6%). Net result +92.6k NOK → +530.3k NOK. Equity 122.6k NOK → 652.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT MAGNUS HÅVÅS NERENG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1 342 NOK to 1.87m NOK (+138872.6% YoY). Calculated
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Operating result improved
Operating result +118.1k NOK → +680.4k NOK (op. margin 8802.7% → 36.5%). Calculated
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Net result improved
Net result +92.6k NOK → +530.3k NOK (net margin 6902.7% → 28.4%). Calculated
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Equity strengthened
Book equity 122.6k NOK → 652.9k NOK (equity ratio 15.1% → 657.2%). Calculated
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Cash rose
Bank deposits 310.1k NOK → 367.8k NOK (+18.6% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.14× → 0.17× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 1 907 NOK → 793.9k NOK (142% → 43% of revenue). Calculated