FirmaIQ
Org.nr 913 879 805 2019 → 2020 Year-over-year analysis

ADVOKAT VEGARD AUSTGULEN AS: årsregnskap 2020 vs 2019

Weaker earnings

registry 2021-05-03; journal 2021 257156

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT VEGARD AUSTGULEN AS. Revenue 1.88m NOK → 1.82m NOK (-3.5%). Net result +115.7k NOK → +83.0k NOK. Equity 173.4k NOK → 56.4k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT VEGARD AUSTGULEN AS.

At a glance

Scorecard

Revenue
1.88m NOK 1.82m NOK
-3.5%
Operating result
+158.5k NOK +113.0k NOK
-28.7%
Net result
+115.7k NOK +83.0k NOK
-28.2%
Equity
173.4k NOK 56.4k NOK
-67.5%
Cash
377.2k NOK 970.8k NOK
+157.3%
Total assets
886.6k NOK 577.9k NOK
-34.8%

What improved

  • ↑

    Cash rose

    Bank deposits 377.2k NOK → 970.8k NOK (+157.3% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.88m NOK to 1.82m NOK (-3.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +158.5k NOK → +113.0k NOK (op. margin 8.4% → 6.2%). Calculated

  • ↓

    Net result weakened

    Net result +115.7k NOK → +83.0k NOK (net margin 6.1% → 4.6%). Calculated

  • ↓

    Equity eroded

    Book equity 173.4k NOK → 56.4k NOK (equity ratio 19.6% → 9.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation