ADVOKAT METTE SKOKLEFALD AS: årsregnskap 2020 vs 2019
Shrank 6% on revenue, cash halved-plus
registry 2021-05-03; journal 2021 247900
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT METTE SKOKLEFALD AS. Revenue 2.94m NOK → 2.77m NOK (-5.6%). Net result +432.7k NOK → +507.5k NOK. Equity 6.84m NOK → 9 NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ADVOKAT METTE SKOKLEFALD AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +526.9k NOK → +643.3k NOK (op. margin 17.9% → 23.2%). Calculated
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Net result improved
Net result +432.7k NOK → +507.5k NOK (net margin 14.7% → 18.3%). Calculated
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Payroll decreased
Salary cost 1.56m NOK → 1.32m NOK (53% → 48% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.94m NOK to 2.77m NOK (-5.6% YoY). Calculated
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Equity eroded
Book equity 6.84m NOK → 9 NOK (equity ratio 156.7% → 0.0%). Calculated
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Cash fell
Bank deposits 3.43m NOK → 1.06m NOK (-69.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.43m NOK → 1.06m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 18.2k NOK → 9 982 NOK (-45.1% YoY). Calculated