FirmaIQ
Org.nr 999 611 885 2019 → 2020 Year-over-year analysis

ADVOKATENE GRAASVOLD & STENVAAG AS: årsregnskap 2020 vs 2019

Grew 9% on revenue

approved 2021-03-15; registry 2021-04-22; journal 2021 217431

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATENE GRAASVOLD & STENVAAG AS. Revenue 4.05m NOK → 4.41m NOK (+8.9%). Net result +380.3k NOK → +364.8k NOK. Equity 341.3k NOK → 406.1k NOK.

On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; cash fell.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVOKATENE GRAASVOLD & STENVAAG AS.

At a glance

Scorecard

Revenue
4.05m NOK 4.41m NOK
+8.9%
Operating result
+505.1k NOK +472.7k NOK
-6.4%
Net result
+380.3k NOK +364.8k NOK
-4.1%
Equity
341.3k NOK 406.1k NOK
+19.0%
Cash
1.42m NOK 818.8k NOK
-42.4%
Total assets
3.07m NOK 2.16m NOK
-29.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.05m NOK to 4.41m NOK (+8.9% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 341.3k NOK → 406.1k NOK (equity ratio 11.1% → 18.8%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.73× → 1.21×. Calculated

  • ↑

    Payroll decreased

    Salary cost 2.38m NOK → 2.35m NOK (59% → 53% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +505.1k NOK → +472.7k NOK (op. margin 12.5% → 10.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.42m NOK → 818.8k NOK (-42.4% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 28.0k NOK → 96.4k NOK (+244.5% YoY). Calculated