ADVOKAT OLAV MARTIN JENTOFT JR AS: årsregnskap 2020 vs 2019
Stronger earnings
approved 2021-04-27; registry 2021-04-29; journal 2021 241508
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT OLAV MARTIN JENTOFT JR AS. Revenue 3.10m NOK → 3.03m NOK (-2.3%). Net result +305.3k NOK → +377.6k NOK. Equity 229.3k NOK → 147.0k NOK.
On the constructive side: net result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKAT OLAV MARTIN JENTOFT JR AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +305.3k NOK → +377.6k NOK (net margin 9.9% → 12.5%). Calculated
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Cash rose
Bank deposits 654.9k NOK → 857.9k NOK (+31.0% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.89× → 48.13×. Calculated
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Payroll decreased
Salary cost 1.91m NOK → 1.74m NOK (62% → 57% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.10m NOK to 3.03m NOK (-2.3% YoY). Calculated
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Operating result weakened
Operating result +4.41m NOK → +508.1k NOK (op. margin 142.3% → 16.8%). Calculated
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Equity eroded
Book equity 229.3k NOK → 147.0k NOK (equity ratio 83.0% → 7.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 16.0k NOK → 8 841 NOK (-44.8% YoY). Calculated