FirmaIQ
Org.nr 913 125 312 2019 → 2020 Year-over-year analysis

ADVOKAT MORTEN ENGESBAK AS: årsregnskap 2020 vs 2019

Grew 68% on revenue, stronger earnings

approved 2021-04-28; registry 2021-05-03; journal 2021 251748

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT MORTEN ENGESBAK AS. Revenue 1.73m NOK → 2.90m NOK (+68.0%). Net result +6 NOK → +7.21m NOK. Equity 117.7k NOK → 332.5k NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
1.73m NOK 2.90m NOK
+68.0%
Operating result
-267.1k NOK +243.1k NOK
+191.0%
Net result
+6 NOK +7.21m NOK
+120246500.0%
Equity
117.7k NOK 332.5k NOK
+182.5%
Cash
61.5k NOK 362.2k NOK
+489.2%
Total assets
773.1k NOK 961.7k NOK
+24.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.73m NOK to 2.90m NOK (+68.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -267.1k NOK → +243.1k NOK (op. margin -15.5% → 8.4%). Calculated

  • ↑

    Net result improved

    Net result +6 NOK → +7.21m NOK (net margin 0.0% → 248.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 117.7k NOK → 332.5k NOK (equity ratio 15.2% → 34.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 61.5k NOK → 362.2k NOK (+489.2% YoY). Calculated