FirmaIQ
Org.nr 913 252 861 2019 → 2020 Year-over-year analysis

ADVOKAT SIVERTSVIK AS: årsregnskap 2020 vs 2019

Shrank 30% on revenue, slipped into loss

approved 2021-04-26; registry 2021-04-29; journal 2021 239828

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT SIVERTSVIK AS. Revenue 1.23m NOK → 866.7k NOK (-29.7%). Net result +73.1k NOK → -4 649 NOK. Equity 32.2k NOK → 27.5k NOK.

On the constructive side: cash rose; 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

Revenue
1.23m NOK 866.7k NOK
-29.7%
Operating result
+96.1k NOK -5 548 NOK
-105.8%
Net result
+73.1k NOK -4 649 NOK
-106.4%
Equity
32.2k NOK 27.5k NOK
-14.4%
Cash
90.0k NOK 99.4k NOK
+10.5%
Total assets
317.2k NOK n/m
—

What improved

  • ↑

    Cash rose

    Bank deposits 90.0k NOK → 99.4k NOK (+10.5% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 5.48m NOK → 103.1k NOK (444% → 12% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.23m NOK to 866.7k NOK (-29.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +96.1k NOK → -5 548 NOK (op. margin 7.8% → -0.6%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 73.1k NOK profit to a loss of 4 649 NOK. Calculated

  • ↓

    Equity eroded

    Book equity 32.2k NOK → 27.5k NOK. Calculated

  • ↓

    COGS moved

    COGS / varekostnad 310.8k NOK → 427.2k NOK (+37.5% YoY). Calculated