ADVOKAT, REVISOR RISHOVD AS: årsregnskap 2020 vs 2019
Grew 117487% on revenue, stronger earnings, cash halved-plus
approved 2021-02-02; registry 2021-02-04; journal 2021 113017
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT, REVISOR RISHOVD AS. Revenue 2 015 NOK → 2.37m NOK (+117487.0%). Net result +35.0k NOK → +129.6k NOK. Equity 187.6k NOK → 317.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKAT, REVISOR RISHOVD AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2 015 NOK to 2.37m NOK (+117487.0% YoY). Calculated
-
↑
Operating result improved
Operating result +52.0k NOK → +166.2k NOK (op. margin 2579.7% → 7.0%). Calculated
-
↑
Net result improved
Net result +35.0k NOK → +129.6k NOK (net margin 1734.9% → 5.5%). Calculated
-
↑
Equity strengthened
Book equity 187.6k NOK → 317.2k NOK (equity ratio 22.2% → 16.5%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.51× → 1.20×. Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 3.38m NOK → 3 NOK (-100.0% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.38m NOK → 3 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Payroll increased
Salary cost 825.7k NOK → 2.09m NOK (40978% → 88% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 22.8k NOK → 800 NOK (-96.5% YoY). Calculated