FirmaIQ
Org.nr 917 338 159 2019 → 2020 Year-over-year analysis

ADVOKAT MARIANNE FARSTAD AS: årsregnskap 2020 vs 2019

Shrank 39% on revenue, slipped into loss

approved 2021-03-08; registry 2021-04-12; journal 2021 193423

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT MARIANNE FARSTAD AS. Revenue 2.17m NOK → 1.33m NOK (-39.0%). Net result +297.0k NOK → -42.1k NOK. Equity 1 172 NOK → 1.13m NOK.

On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
2.17m NOK 1.33m NOK
-39.0%
Operating result
+375.6k NOK -68.3k NOK
-118.2%
Net result
+297.0k NOK -42.1k NOK
-114.2%
Equity
1 172 NOK 1.13m NOK
+96370.4%
Cash
460.1k NOK 609.2k NOK
+32.4%
Total assets
2.06m NOK 1.71m NOK
-17.3%

What improved

  • ↑

    Equity strengthened

    Book equity 1 172 NOK → 1.13m NOK (equity ratio 0.1% → 66.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 460.1k NOK → 609.2k NOK (+32.4% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.17m NOK to 1.33m NOK (-39.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +375.6k NOK → -68.3k NOK (op. margin 17.3% → -5.2%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 297.0k NOK profit to a loss of 42.1k NOK. Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.25m NOK → 3.84m NOK (58% → 289% of revenue). Calculated