ADVOKAT SIGVALD ARNE MORTVEIT AS: årsregnskap 2020 vs 2019
Grew 244% on revenue, weaker earnings, cash halved-plus
approved 2021-07-02; registry 2021-07-05; journal 2021 533272
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT SIGVALD ARNE MORTVEIT AS. Revenue 328.1k NOK → 1.13m NOK (+243.9%). Net result +305.1k NOK → +77.1k NOK. Equity 850.7k NOK → 927.9k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKAT SIGVALD ARNE MORTVEIT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 328.1k NOK to 1.13m NOK (+243.9% YoY). Calculated
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↑
Equity strengthened
Book equity 850.7k NOK → 927.9k NOK (equity ratio 170.1% → 81.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +382.3k NOK → +98.5k NOK (op. margin 116.5% → 8.7%). Calculated
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↓
Net result weakened
Net result +305.1k NOK → +77.1k NOK (net margin 93.0% → 6.8%). Calculated
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↓
Cash fell
Bank deposits 62.0k NOK → 16.3k NOK (-73.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 5.41m NOK → 6.49m NOK (1648% → 575% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 178.4k NOK → 126.4k NOK (-29.2% YoY). Calculated