ADVOKAT STIG E. MORTENSEN AS: årsregnskap 2020 vs 2019
Shrank 8% on revenue, weaker earnings
approved 2021-03-08; registry 2021-04-12; journal 2021 193209
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT STIG E. MORTENSEN AS. Revenue 2.60m NOK → 2.39m NOK (-8.2%). Net result +173.0k NOK → +11.9k NOK. Equity 1.60m NOK → 1.62m NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKAT STIG E. MORTENSEN AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -56.1k NOK → +514 NOK (op. margin -2.2% → 0.0%). Calculated
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Equity strengthened
Book equity 1.60m NOK → 1.62m NOK (equity ratio 70.1% → 76.7%). Calculated
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Cash rose
Bank deposits 524.7k NOK → 654.0k NOK (+24.6% YoY). Calculated
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Payroll decreased
Salary cost 1.89m NOK → 1.76m NOK (73% → 73% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.60m NOK to 2.39m NOK (-8.2% YoY). Calculated
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↓
Net result weakened
Net result +173.0k NOK → +11.9k NOK (net margin 6.6% → 0.5%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 1.60m NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation