FirmaIQ
Org.nr 996 242 307 2019 → 2020 Year-over-year analysis

ADVOKATENE BORGERSEN & STEINSVÅG AS: årsregnskap 2020 vs 2019

Grew 10% on revenue, stronger earnings

approved 2021-02-22; registry 2021-04-24; journal 2021 220246

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATENE BORGERSEN & STEINSVÅG AS. Revenue 5.67m NOK → 6.24m NOK (+10.0%). Net result +330.9k NOK → +464.4k NOK. Equity 2.82m NOK → 3.29m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATENE BORGERSEN & STEINSVÅG AS.

At a glance

Scorecard

Revenue
5.67m NOK 6.24m NOK
+10.0%
Operating result
+402.3k NOK +594.5k NOK
+47.8%
Net result
+330.9k NOK +464.4k NOK
+40.3%
Equity
2.82m NOK 3.29m NOK
+16.4%
Cash
284.9k NOK 965.9k NOK
+239.0%
Total assets
4.86m NOK 4.75m NOK
-2.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.67m NOK to 6.24m NOK (+10.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +402.3k NOK → +594.5k NOK (op. margin 7.1% → 9.5%). Calculated

  • ↑

    Net result improved

    Net result +330.9k NOK → +464.4k NOK (net margin 5.8% → 7.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.82m NOK → 3.29m NOK (equity ratio 58.1% → 69.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 284.9k NOK → 965.9k NOK (+239.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 3.60m NOK → 4.06m NOK (64% → 65% of revenue). Calculated