FirmaIQ
Org.nr 922 157 340 2019 → 2020 Year-over-year analysis

ADVOKAT SVEINUNG ELIASSEN AS: årsregnskap 2020 vs 2019

Grew 66% on revenue, weaker earnings

approved 2021-02-03; registry 2021-04-29; journal 2021 237794

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT SVEINUNG ELIASSEN AS. Revenue 1.90m NOK → 3.15m NOK (+65.7%). Net result +738.5k NOK → +459.9k NOK. Equity 183.0k NOK → 242.8k NOK.

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

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
1.90m NOK 3.15m NOK
+65.7%
Operating result
+945.2k NOK +873.2k NOK
-7.6%
Net result
+738.5k NOK +459.9k NOK
-37.7%
Equity
183.0k NOK 242.8k NOK
+32.7%
Cash
588.8k NOK 348.0k NOK
-40.9%
Total assets
1.87m NOK 2.45m NOK
+31.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.90m NOK to 3.15m NOK (+65.7% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 183.0k NOK → 242.8k NOK (equity ratio 9.8% → 9.9%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.77m NOK → 681.7k NOK (93% → 22% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +945.2k NOK → +873.2k NOK (op. margin 49.7% → 27.7%). Calculated

  • ↓

    Net result weakened

    Net result +738.5k NOK → +459.9k NOK (net margin 38.8% → 14.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 588.8k NOK → 348.0k NOK (-40.9% YoY). Calculated