FirmaIQ
Org.nr 995 300 370 2019 → 2020 Year-over-year analysis

ADVOKAT WENCHE LØSET AS: årsregnskap 2020 vs 2019

Shrank 8% on revenue, stronger earnings

approved 2021-04-27; registry 2021-05-01; journal 2021 242689

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT WENCHE LØSET AS. Revenue 1.31m NOK → 1.20m NOK (-8.0%). Net result +7 756 NOK → +7.26m NOK. Equity 421.3k NOK → 615.7k NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
1.31m NOK 1.20m NOK
-8.0%
Operating result
+6 621 NOK +342.1k NOK
+5066.8%
Net result
+7 756 NOK +7.26m NOK
+93562.4%
Equity
421.3k NOK 615.7k NOK
+46.2%
Cash
407.9k NOK 708.9k NOK
+73.8%
Total assets
652.4k NOK 941.6k NOK
+44.3%

What improved

  • ↑

    Operating result improved

    Operating result +6 621 NOK → +342.1k NOK (op. margin 0.5% → 28.5%). Calculated

  • ↑

    Net result improved

    Net result +7 756 NOK → +7.26m NOK (net margin 0.6% → 605.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 421.3k NOK → 615.7k NOK (equity ratio 64.6% → 65.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 407.9k NOK → 708.9k NOK (+73.8% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 794.3k NOK → 434.8k NOK (61% → 36% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.31m NOK to 1.20m NOK (-8.0% YoY). Calculated