ADVOKAT TOVE NISSEN-SOLLIE AS: årsregnskap 2020 vs 2019
Shrank 5% on revenue, stronger earnings
approved 2021-04-30; registry 2021-05-03; journal 2021 254504
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT TOVE NISSEN-SOLLIE AS. Revenue 1.57m NOK → 1.49m NOK (-5.3%). Net result +179.1k NOK → +217.4k NOK. Equity 568.1k NOK → 785.6k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +231.3k NOK → +278.9k NOK (op. margin 14.7% → 18.8%). Calculated
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Net result improved
Net result +179.1k NOK → +217.4k NOK (net margin 11.4% → 14.6%). Calculated
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Equity strengthened
Book equity 568.1k NOK → 785.6k NOK (equity ratio 62.3% → 67896.0%). Calculated
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Cash rose
Bank deposits 116.2k NOK → 126.7k NOK (+9.0% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.57m NOK to 1.49m NOK (-5.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.98× → 0.47× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 736.1k NOK → 761.7k NOK (47% → 51% of revenue). Calculated