ADVOKAT SCHEI AS: årsregnskap 2020 vs 2019
Shrank 52% on revenue, slipped into loss, cash halved-plus
approved 2021-04-30; registry 2021-05-03; journal 2021 254982
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT SCHEI AS. Revenue 684.2k NOK → 325.3k NOK (-52.5%). Net result +40.6k NOK → -153.7k NOK. Equity 201.1k NOK → 47.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 377.6k NOK → 234.8k NOK (55% → 72% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 684.2k NOK to 325.3k NOK (-52.5% YoY). Calculated
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↓
Operating result weakened
Operating result +40.5k NOK → -156.2k NOK (op. margin 5.9% → -48.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 40.6k NOK profit to a loss of 153.7k NOK. Calculated
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↓
Equity eroded
Book equity 201.1k NOK → 47.4k NOK (equity ratio 69.9% → 36.1%). Calculated
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↓
Cash fell
Bank deposits 133.9k NOK → 61.0k NOK (-54.5% YoY). Calculated