ADVOKAT MONA HOLMEDAL AS: årsregnskap 2020 vs 2019
Shrank 28% on revenue
approved 2021-03-11; registry 2021-03-24; journal 2021 167153
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT MONA HOLMEDAL AS. Revenue 2.76m NOK → 1.99m NOK (-28.0%). Net result +334.7k NOK → +310.6k NOK. Equity 827.5k NOK → 1 138 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT MONA HOLMEDAL AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.77m NOK → 1.06m NOK (64% → 53% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.76m NOK to 1.99m NOK (-28.0% YoY). Calculated
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↓
Operating result weakened
Operating result +422.5k NOK → +394.7k NOK (op. margin 15.3% → 19.8%). Calculated
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↓
Net result weakened
Net result +334.7k NOK → +310.6k NOK (net margin 12.1% → 15.6%). Calculated
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↓
Equity eroded
Book equity 827.5k NOK → 1 138 NOK (equity ratio 55.7% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 1.27m NOK → 1.26m NOK (-1.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation