ADVOKATENE CLEMETSEN & MOHAMMAD AS: årsregnskap 2020 vs 2019
Shrank 25% on revenue, weaker earnings
registry 2021-07-05; journal 2021 535150
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATENE CLEMETSEN & MOHAMMAD AS. Revenue 3.16m NOK → 2.37m NOK (-25.1%). Net result +199.0k NOK → +76.2k NOK. Equity 500.5k NOK → 576.7k NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATENE CLEMETSEN & MOHAMMAD AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 500.5k NOK → 576.7k NOK (equity ratio 51.7% → 582.5%). Calculated
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↑
Cash rose
Bank deposits 603.5k NOK → 823.4k NOK (+36.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.46m NOK → 1.25m NOK (46% → 53% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.16m NOK to 2.37m NOK (-25.1% YoY). Calculated
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↓
Operating result weakened
Operating result +313.0k NOK → +148.5k NOK (op. margin 9.9% → 6.3%). Calculated
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↓
Net result weakened
Net result +199.0k NOK → +76.2k NOK (net margin 6.3% → 3.2%). Calculated
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↓
COGS moved
COGS / varekostnad 5 870 NOK → 26.1k NOK (+344.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1 500 NOK → 22.2k NOK. Reported fact