ADVOKAT NIELS KRISTIAN AXELSEN AS: årsregnskap 2020 vs 2019
Shrank 91% on revenue, slipped into loss
approved 2021-05-03; registry 2021-05-29; journal 2021 338449
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT NIELS KRISTIAN AXELSEN AS. Revenue 7.17m NOK → 623.6k NOK (-91.3%). Net result +2.15m NOK → -103.2k NOK. Equity 5.26m NOK → 5.16m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADVOKAT NIELS KRISTIAN AXELSEN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 872.0k NOK → 499.2k NOK (12% → 80% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.17m NOK to 623.6k NOK (-91.3% YoY). Calculated
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↓
Operating result weakened
Operating result +2.75m NOK → -138.5k NOK (op. margin 38.4% → -22.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 2.15m NOK profit to a loss of 103.2k NOK. Calculated
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↓
Equity eroded
Book equity 5.26m NOK → 5.16m NOK (equity ratio 66.7% → 96.2%). Calculated
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↓
Cash fell
Bank deposits 6.43m NOK → 5.18m NOK (-19.5% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 194.4k NOK → 200 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 2.78m NOK → 70.5k NOK (-97.5% YoY). Calculated