ADVOKAT SVARVA AS: årsregnskap 2020 vs 2019
Shrank 36% on revenue, stronger earnings
approved 2021-04-30; registry 2021-05-03; journal 2021 256582
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT SVARVA AS. Revenue 461.1k NOK → 297.2k NOK (-35.6%). Net result +267.5k NOK → +794.2k NOK. Equity 297.5k NOK → 91.7k NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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Net result improved
Net result +267.5k NOK → +794.2k NOK (net margin 58.0% → 267.3%). Calculated
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Cash rose
Bank deposits 59.2k NOK → 860.9k NOK (+1353.4% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 461.1k NOK to 297.2k NOK (-35.6% YoY). Calculated
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Operating result weakened
Operating result +344.3k NOK → +19.9k NOK (op. margin 74.7% → 6.7%). Calculated
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↓
Equity eroded
Book equity 297.5k NOK → 91.7k NOK (equity ratio 50.9% → 17.7%). Calculated
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Payroll up without matching revenue
Salary cost 3 NOK → 22.6k NOK (0% → 8% of revenue). Calculated