ADVOKAT STEIN ÅGE MARTINSEN AS: årsregnskap 2020 vs 2019
Shrank 12% on revenue, slipped into loss, cash halved-plus
approved 2021-04-22; registry 2021-04-27; journal 2021 231134
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT STEIN ÅGE MARTINSEN AS. Revenue 1.82m NOK → 1.60m NOK (-12.2%). Net result +143.3k NOK → -106.3k NOK. Equity 414.4k NOK → 308.1k NOK.
On the constructive side: 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
What improved
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↑
Payroll decreased
Salary cost 10.07m NOK → 1.07m NOK (553% → 67% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.82m NOK to 1.60m NOK (-12.2% YoY). Calculated
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↓
Operating result weakened
Operating result +132.1k NOK → -98.5k NOK (op. margin 7.2% → -6.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 143.3k NOK profit to a loss of 106.3k NOK. Calculated
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↓
Equity eroded
Book equity 414.4k NOK → 308.1k NOK (equity ratio 33.7% → 26.6%). Calculated
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↓
Cash fell
Bank deposits 146.1k NOK → 42.8k NOK (-70.7% YoY). Calculated