FirmaIQ
Org.nr 989 080 822 2019 → 2020 Year-over-year analysis

ADVOKATENE LEIROS & OLSEN AS: årsregnskap 2020 vs 2019

Grew 12% on revenue, returned to profit

approved 2021-04-07; registry 2021-04-12; journal 2021 195913

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATENE LEIROS & OLSEN AS. Revenue 11.18m NOK → 12.49m NOK (+11.8%). Net result -381.5k NOK → +702.9k NOK. Equity 2.52m NOK → 2.72m NOK.

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

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

At a glance

Scorecard

Revenue
11.18m NOK 12.49m NOK
+11.8%
Operating result
-437.3k NOK +824.9k NOK
+288.6%
Net result
-381.5k NOK +702.9k NOK
+284.2%
Equity
2.52m NOK 2.72m NOK
+8.1%
Cash
3.21m NOK 4.91m NOK
+53.1%
Total assets
4.77m NOK 6.13m NOK
+28.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 11.18m NOK to 12.49m NOK (+11.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -437.3k NOK → +824.9k NOK (op. margin -3.9% → 6.6%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 381.5k NOK to a profit of 702.9k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 2.52m NOK → 2.72m NOK (equity ratio 52.8% → 44.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.21m NOK → 4.91m NOK (+53.1% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 8.82m NOK → 8.99m NOK (79% → 72% of revenue). Calculated