FirmaIQ
Org.nr 918 474 579 2019 → 2020 Year-over-year analysis

ADVOKAT NEERGÅRD AS: årsregnskap 2020 vs 2019

Slipped into loss

approved 2021-05-31; registry 2021-06-02; journal 2021 377702

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT NEERGÅRD AS. Revenue 2.38m NOK → 2.26m NOK (-4.8%). Net result +26.3k NOK → -170.2k NOK. Equity 78.5k NOK → -92.0k NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT NEERGÅRD AS.

At a glance

Scorecard

Revenue
2.38m NOK 2.26m NOK
-4.8%
Operating result
+70.3k NOK -173.2k NOK
-346.4%
Net result
+26.3k NOK -170.2k NOK
-747.3%
Equity
78.5k NOK -92.0k NOK
-217.1%
Cash
23.1k NOK 57.9k NOK
+150.6%
Total assets
1.17m NOK 990.5k NOK
-15.6%

What improved

  • ↑

    Cash rose

    Bank deposits 23.1k NOK → 57.9k NOK (+150.6% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.38m NOK to 2.26m NOK (-4.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +70.3k NOK → -173.2k NOK (op. margin 3.0% → -7.6%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 26.3k NOK profit to a loss of 170.2k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 78.5k NOK → -92.0k NOK (equity ratio 6.7% → -9.3%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.50m NOK → 1.80m NOK (63% → 79% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -9.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation