ADVOKAT TOM HERMANSEN AS: årsregnskap 2020 vs 2019
Shrank 40% on revenue, returned to profit, cash halved-plus
registry 2021-05-03; journal 2021 249452
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT TOM HERMANSEN AS. Revenue 991.4k NOK → 593.3k NOK (-40.1%). Net result -119.2k NOK → +36.6k NOK. Equity 290.4k NOK → 327.0k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT TOM HERMANSEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -148.0k NOK → +48.0k NOK (op. margin -14.9% → 8.1%). Calculated
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Turned profitable
Net result flipped from a loss of 119.2k NOK to a profit of 36.6k NOK. Calculated
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Equity strengthened
Book equity 290.4k NOK → 327.0k NOK. Calculated
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Payroll decreased
Salary cost 2.88m NOK → 355.2k NOK (290% → 60% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 991.4k NOK to 593.3k NOK (-40.1% YoY). Calculated
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↓
Cash fell
Bank deposits 323.9k NOK → 118.8k NOK (-63.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 6 NOK → 6 001 NOK. Reported fact