FirmaIQ
Org.nr 920 225 276 2019 → 2020 Year-over-year analysis

ADVOKAT SOLHEIM AS: årsregnskap 2020 vs 2019

Shrank 16% on revenue

approved 2021-04-08; registry 2021-04-28; journal 2021 232647

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT SOLHEIM AS. Revenue 1.37m NOK → 1.15m NOK (-15.8%). Net result +792.6k NOK → +707.9k NOK. Equity 1.55m NOK → 1.61m NOK.

On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
1.37m NOK 1.15m NOK
-15.8%
Operating result
+1.02m NOK +925.2k NOK
-9.1%
Net result
+792.6k NOK +707.9k NOK
-10.7%
Equity
1.55m NOK 1.61m NOK
+3.7%
Cash
285.1k NOK 1.84m NOK
+545.0%
Total assets
1.93m NOK 1.88m NOK
-2.7%

What improved

  • ↑

    Equity strengthened

    Book equity 1.55m NOK → 1.61m NOK (equity ratio 80.5% → 85.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 285.1k NOK → 1.84m NOK (+545.0% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.37m NOK to 1.15m NOK (-15.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.02m NOK → +925.2k NOK (op. margin 74.4% → 80.3%). Calculated

  • ↓

    Net result weakened

    Net result +792.6k NOK → +707.9k NOK (net margin 57.9% → 61.4%). Calculated