ADVOKATDIREKTE AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-04-29; registry 2021-05-03; journal 2021 250012
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATDIREKTE AS. Revenue 3.60m NOK → 3.56m NOK (-1.0%). Net result +803.39m NOK → +508.5k NOK. Equity 305.3k NOK → 1.81m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKATDIREKTE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 305.3k NOK → 1.81m NOK (equity ratio 3.8% → 19.8%). Calculated
-
↑
Cash rose
Bank deposits 197.2k NOK → 808.1k NOK (+309.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.60m NOK to 3.56m NOK (-1.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +1.22m NOK → +873.5k NOK (op. margin 34.0% → 24.5%). Calculated
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↓
Net result weakened
Net result +803.39m NOK → +508.5k NOK (net margin 22316.4% → 14.3%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 NOK → 1.30m NOK (0% → 37% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 75.5k NOK → 11.6k NOK (-84.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 100.0k NOK → 31.5k NOK. Reported fact