ADVOKAT VEST AS: årsregnskap 2020 vs 2019
Shrank 41% on revenue, weaker earnings, cash halved-plus
approved 2021-04-29; registry 2021-05-03; journal 2021 256820
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT VEST AS. Revenue 764.9k NOK → 454.6k NOK (-40.6%). Net result -11.7k NOK → -84.8k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT VEST AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 764.9k NOK to 454.6k NOK (-40.6% YoY). Calculated
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↓
Operating result weakened
Operating result +4 891 NOK → -63.9k NOK (op. margin 0.6% → -14.0%). Calculated
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↓
Net result weakened
Net result -11.7k NOK → -84.8k NOK (net margin -1.5% → -18.7%). Calculated
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↓
Cash fell
Bank deposits 62.0k NOK → 13.3k NOK (-78.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 47.3k NOK → -29.0k NOK (-161.3% YoY). Calculated