ADVOKATENE I VALDRES AS: årsregnskap 2020 vs 2019
Shrank 91% on revenue, slipped into loss
approved 2021-04-19; registry 2021-07-03; journal 2021 437088
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATENE I VALDRES AS. Revenue 566.9k NOK → 50.0k NOK (-91.2%). Net result +93.1k NOK → -6 021 NOK. Equity 741 NOK → -5 279 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATENE I VALDRES AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 220.5k NOK → 3 353 NOK (39% → 7% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 566.9k NOK to 50.0k NOK (-91.2% YoY). Calculated
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↓
Operating result weakened
Operating result +93.1k NOK → -6 025 NOK (op. margin 16.4% → -12.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 93.1k NOK profit to a loss of 6 021 NOK. Calculated
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↓
Equity eroded
Book equity 741 NOK → -5 279 NOK (equity ratio 0.7% → -47.1%). Calculated
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↓
Cash fell
Bank deposits 9 011 NOK → 4 965 NOK (-44.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -47.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation