ADVOKAT VIDAR BROBAKKEN AS: årsregnskap 2020 vs 2019
Shrank 42% on revenue, slipped into loss
approved 2021-04-27; registry 2021-04-29; journal 2021 239510
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT VIDAR BROBAKKEN AS. Revenue 918.0k NOK → 527.9k NOK (-42.5%). Net result +184.9k NOK → -29.3k NOK. Equity 432.2k NOK → 402.9k NOK.
On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -246.2k NOK → -21.1k NOK (op. margin -26.8% → -4.0%). Calculated
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Cash rose
Bank deposits -1 229 NOK → 95.8k NOK (+7895.5% YoY). Calculated
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Payroll decreased
Salary cost 641.9k NOK → 129.6k NOK (70% → 25% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 918.0k NOK to 527.9k NOK (-42.5% YoY). Calculated
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Fell into a net loss
Net result flipped from 184.9k NOK profit to a loss of 29.3k NOK. Calculated
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Equity eroded
Book equity 432.2k NOK → 402.9k NOK (equity ratio 65.3% → 72.7%). Calculated