ADVOKAT ØYEHAUG AS: årsregnskap 2020 vs 2019
Grew 17% on revenue, weaker earnings, cash halved-plus
approved 2021-04-29; registry 2021-05-03; journal 2021 251554
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT ØYEHAUG AS. Revenue 2.82m NOK → 3.31m NOK (+17.5%). Net result +892.9k NOK → +310.8k NOK. Equity 140.9k NOK → 1.20m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVOKAT ØYEHAUG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.82m NOK to 3.31m NOK (+17.5% YoY). Calculated
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↑
Operating result improved
Operating result +1.15m NOK → +1.63m NOK (op. margin 40.9% → 49.2%). Calculated
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↑
Equity strengthened
Book equity 140.9k NOK → 1.20m NOK (equity ratio 4.5% → 38.0%). Calculated
What deteriorated
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↓
Net result weakened
Net result +892.9k NOK → +310.8k NOK (net margin 31.7% → 9.4%). Calculated
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↓
Cash fell
Bank deposits 299.7k NOK → 111.4k NOK (-62.8% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 96.9k NOK → 236.7k NOK (+144.3% YoY). Calculated