ADVOKAT ØYSTEIN HANSEN AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, returned to profit
approved 2021-04-30; registry 2021-05-05; journal 2021 259715
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT ØYSTEIN HANSEN AS. Revenue 832.7k NOK → 1 104 NOK (-99.9%). Net result -70.0k NOK → +120.1k NOK. Equity 90.5k NOK → 8.21m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -75.7k NOK → +163.1k NOK (op. margin -9.1% → 14774.1%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 70.0k NOK to a profit of 120.1k NOK. Calculated
-
↑
Equity strengthened
Book equity 90.5k NOK → 8.21m NOK (equity ratio 26.8% → 1937.4%). Calculated
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↑
Cash rose
Bank deposits -21.2k NOK → 29.0k NOK (+237.1% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 832.7k NOK to 1 104 NOK (-99.9% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 561.8k NOK → 624.9k NOK (67% → 56607% of revenue). Calculated