Org.nr 997 178 009 2019 → 2020 Year-over-year analysis

ADVOKAT VIDAR SINDING AS: årsregnskap 2020 vs 2019

Shrank 5% on revenue, returned to profit

approved 2021-08-11; registry 2021-08-16; journal 2021 636146

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT VIDAR SINDING AS. Revenue 2.74m NOK → 2.60m NOK (-5.2%). Net result -382.2k NOK → +530.6k NOK.

On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT VIDAR SINDING AS.

At a glance

Revenue

2.74m NOK 2.60m NOK

-5.2%

Operating result

-380.1k NOK +543.6k NOK

+243.0%

Net result

-382.2k NOK +530.6k NOK

+238.8%

Equity

-200.3k NOK n/m

—

Cash

35.7k NOK 408.4k NOK

+1043.6%

Total assets

524.8k NOK 802.6k NOK

+52.9%

↑
Operating result improved

Operating result -380.1k NOK → +543.6k NOK (op. margin -13.9% → 20.9%). Calculated
↑
Turned profitable

Net result flipped from a loss of 382.2k NOK to a profit of 530.6k NOK. Calculated
↑
Cash rose

Bank deposits 35.7k NOK → 408.4k NOK (+1043.6% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.46× → 5.10×. Calculated

↓
Revenue fell

Operating income / revenue moved from 2.74m NOK to 2.60m NOK (-5.2% YoY). Calculated