FirmaIQ
Org.nr 920 640 745 2019 → 2020 Year-over-year analysis

ADVOKAT T. MADSLANGRUD AS: årsregnskap 2020 vs 2019

Grew 56% on revenue, stronger earnings

approved 2021-04-29; registry 2021-05-03; journal 2021 251078

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT T. MADSLANGRUD AS. Revenue 344.3k NOK → 536.5k NOK (+55.8%). Net result -103.4k NOK → -4 820 NOK. Equity 43.4k NOK → 38.6k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT T. MADSLANGRUD AS.

At a glance

Scorecard

Revenue
344.3k NOK 536.5k NOK
+55.8%
Operating result
-132.4k NOK +2 072 NOK
+101.6%
Net result
-103.4k NOK -4 820 NOK
+95.3%
Equity
43.4k NOK 38.6k NOK
-11.1%
Cash
14.5k NOK 50.1k NOK
+246.0%
Total assets
122.5k NOK 154.7k NOK
+26.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 344.3k NOK to 536.5k NOK (+55.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -132.4k NOK → +2 072 NOK (op. margin -38.5% → 0.4%). Calculated

  • ↑

    Net result improved

    Net result -103.4k NOK → -4 820 NOK (net margin -30.0% → -0.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 14.5k NOK → 50.1k NOK (+246.0% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 43.4k NOK → 38.6k NOK (equity ratio 35.4% → 24.9%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 357.8k NOK → 397.5k NOK (104% → 74% of revenue). Calculated