ADVOKAT NIELS - CHRISTIAN HOLM AS: årsregnskap 2020 vs 2019
Shrank 7% on revenue, slipped into loss
approved 2021-04-21; registry 2021-04-24; journal 2021 222410
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT NIELS - CHRISTIAN HOLM AS. Revenue 439.7k NOK → 409.8k NOK (-6.8%). Net result +17.9k NOK → -19.9k NOK. Equity 5.10m NOK → 84.4k NOK.
On the constructive side: 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
What improved
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↑
Cash rose
Bank deposits 54.9k NOK → 146.7k NOK (+167.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 439.7k NOK to 409.8k NOK (-6.8% YoY). Calculated
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↓
Operating result weakened
Operating result +35.3k NOK → -36.8k NOK (op. margin 8.0% → -9.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 17.9k NOK profit to a loss of 19.9k NOK. Calculated
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↓
Equity eroded
Book equity 5.10m NOK → 84.4k NOK (equity ratio 912.9% → 21.3%). Calculated
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↓
Payroll up without matching revenue
Salary cost 212.4k NOK → 390.2k NOK (48% → 95% of revenue). Calculated