ADVOKAT SIRI ØVSTEBØ AS: årsregnskap 2020 vs 2019
Shrank 49% on revenue, slipped into loss, cash halved-plus
approved 2021-05-14; registry 2021-05-18; journal 2021 298752
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT SIRI ØVSTEBØ AS. Revenue 1.68m NOK → 851.6k NOK (-49.3%). Net result +185.5k NOK → -162.0k NOK. Equity 220.9k NOK → 58.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKAT SIRI ØVSTEBØ AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 881.7k NOK → 633.0k NOK (52% → 74% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.68m NOK to 851.6k NOK (-49.3% YoY). Calculated
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↓
Operating result weakened
Operating result +262.9k NOK → -184.6k NOK (op. margin 15.7% → -21.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 185.5k NOK profit to a loss of 162.0k NOK. Calculated
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↓
Equity eroded
Book equity 220.9k NOK → 58.9k NOK (equity ratio 35.5% → 11.0%). Calculated
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↓
Cash fell
Bank deposits 37.9k NOK → 1 634 NOK (-95.7% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 85.4k NOK → 35.4k NOK — check capital reduction, conversion, or reclassification. Interpretation