FirmaIQ
Org.nr 998 468 272 2019 → 2020 Year-over-year analysis

ADVOKAT TARJEI AASEN AS: årsregnskap 2020 vs 2019

Shrank 13% on revenue

approved 2021-04-28; registry 2021-05-03; journal 2021 253878

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT TARJEI AASEN AS. Revenue 3.84m NOK → 3.35m NOK (-12.8%). Net result +116.8k NOK → +120.6k NOK. Equity 469.6k NOK → 315.2k NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT TARJEI AASEN AS.

At a glance

Scorecard

Revenue
3.84m NOK 3.35m NOK
-12.8%
Operating result
+150.9k NOK +167.2k NOK
+10.8%
Net result
+116.8k NOK +120.6k NOK
+3.3%
Equity
469.6k NOK 315.2k NOK
-32.9%
Cash
602.7k NOK 538.7k NOK
-10.6%
Total assets
1.67m NOK 1.44m NOK
-13.7%

What improved

  • ↑

    Operating result improved

    Operating result +150.9k NOK → +167.2k NOK (op. margin 3.9% → 5.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.39m NOK → 2 020 NOK (62% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.84m NOK to 3.35m NOK (-12.8% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 469.6k NOK → 315.2k NOK (equity ratio 28.1% → 21.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 602.7k NOK → 538.7k NOK (-10.6% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 307.7k NOK → 309.9k NOK. Reported fact