ADVOKAT SANDVOLD AS: årsregnskap 2020 vs 2019
Shrank 12% on revenue, returned to profit, cash halved-plus
approved 2021-04-29; registry 2021-05-03; journal 2021 253116
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT SANDVOLD AS. Revenue 1.32m NOK → 1.17m NOK (-11.6%). Net result -93.9k NOK → +64.5k NOK. Equity 27.2k NOK → 91.7k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -92.7k NOK → +64.4k NOK (op. margin -7.0% → 5.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 93.9k NOK to a profit of 64.5k NOK. Calculated
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↑
Equity strengthened
Book equity 27.2k NOK → 91.7k NOK (equity ratio 4.1% → 23.5%). Calculated
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↑
Payroll decreased
Salary cost 942.8k NOK → 752.3k NOK (71% → 64% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.32m NOK to 1.17m NOK (-11.6% YoY). Calculated
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↓
Cash fell
Bank deposits 120.7k NOK → 8 342 NOK (-93.1% YoY). Calculated