ADVOKAT SISSEL KNUTSEN HEGDAL AS: årsregnskap 2020 vs 2019
Shrank 53% on revenue, slipped into loss
approved 2021-03-10; registry 2021-04-24; journal 2021 220082
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT SISSEL KNUTSEN HEGDAL AS. Revenue 324.6k NOK → 151.6k NOK (-53.3%). Net result +54.7k NOK → -41.3k NOK. Equity -20.7k NOK → -62.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT SISSEL KNUTSEN HEGDAL AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 71.3k NOK → 24.4k NOK (22% → 16% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 324.6k NOK to 151.6k NOK (-53.3% YoY). Calculated
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↓
Operating result weakened
Operating result +75.0k NOK → -23.8k NOK (op. margin 23.1% → -15.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 54.7k NOK profit to a loss of 41.3k NOK. Calculated
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↓
Equity eroded
Book equity -20.7k NOK → -62.0k NOK (equity ratio -11.0% → -57.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -57.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation