ADVOKAT TORE SVEEN AS: årsregnskap 2020 vs 2019
Shrank 45% on revenue
approved 2021-09-10; registry 2021-09-27; journal 2021 813767
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT TORE SVEEN AS. Revenue 259.7k NOK → 142.8k NOK (-45.0%). Net result +997.0k NOK → +878.8k NOK. Equity 5.25m NOK → 4.90m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT TORE SVEEN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 199.5k NOK → 206.9k NOK (+3.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 16.6k NOK → 2 195 NOK (6% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 259.7k NOK to 142.8k NOK (-45.0% YoY). Calculated
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↓
Operating result weakened
Operating result +116.7k NOK → +31.4k NOK (op. margin 44.9% → 22.0%). Calculated
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↓
Net result weakened
Net result +997.0k NOK → +878.8k NOK (net margin 383.9% → 615.7%). Calculated
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↓
Equity eroded
Book equity 5.25m NOK → 4.90m NOK (equity ratio 66.1% → 56.1%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 102.5k NOK → 112.5k NOK. Reported fact