ADVOKATFELLESSKAPET TORGET 1 AS: årsregnskap 2020 vs 2019
Shrank 48% on revenue, slipped into loss
approved 2021-06-30; registry 2021-09-30; journal 2021 839920
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFELLESSKAPET TORGET 1 AS. Revenue 208.2k NOK → 108.0k NOK (-48.1%). Net result +4 004 NOK → -40.7k NOK. Equity -48.2k NOK → -88.9k 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 ADVOKATFELLESSKAPET TORGET 1 AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 32.0k NOK → -924 NOK (15% → -1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 208.2k NOK to 108.0k NOK (-48.1% YoY). Calculated
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↓
Operating result weakened
Operating result +13.7k NOK → -29.3k NOK (op. margin 6.6% → -27.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 4 004 NOK profit to a loss of 40.7k NOK. Calculated
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↓
Equity eroded
Book equity -48.2k NOK → -88.9k NOK (equity ratio -29.6% → -94.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -94.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation