FirmaIQ
Org.nr 989 362 968 2019 → 2020 Year-over-year analysis

ADVOKAT PETTER MELLO AS: årsregnskap 2020 vs 2019

Grew 22% on revenue, returned to profit

approved 2021-04-28; registry 2021-05-01; journal 2021 245773

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT PETTER MELLO AS. Revenue 1.23m NOK → 1.51m NOK (+22.4%). Net result -193.5k NOK → +80.8k NOK. Equity 351.1k NOK → 431.9k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVOKAT PETTER MELLO AS.

At a glance

Scorecard

Revenue
1.23m NOK 1.51m NOK
+22.4%
Operating result
-191.9k NOK +83.0k NOK
+143.2%
Net result
-193.5k NOK +80.8k NOK
+141.8%
Equity
351.1k NOK 431.9k NOK
+23.0%
Cash
130.3k NOK 166.3k NOK
+27.7%
Total assets
866.9k NOK 732.2k NOK
-15.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.23m NOK to 1.51m NOK (+22.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -191.9k NOK → +83.0k NOK (op. margin -15.6% → 5.5%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 193.5k NOK to a profit of 80.8k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 351.1k NOK → 431.9k NOK (equity ratio 40.5% → 59.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 130.3k NOK → 166.3k NOK (+27.7% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 85.1k NOK → 139.7k NOK (+64.1% YoY). Calculated