ADVOKATFIRMA ARE JOHNSEN AS: årsregnskap 2020 vs 2019
Shrank 24% on revenue, stronger earnings, cash halved-plus
approved 2021-04-27; registry 2021-05-01; journal 2021 244997
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA ARE JOHNSEN AS. Revenue 2.11m NOK → 1.60m NOK (-24.4%). Net result +112.8k NOK → +168.8k NOK. Equity 154.2k NOK → 223.0k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMA ARE JOHNSEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +138.5k NOK → +209.9k NOK (op. margin 6.6% → 13.1%). Calculated
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Net result improved
Net result +112.8k NOK → +168.8k NOK (net margin 5.3% → 10.6%). Calculated
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↑
Equity strengthened
Book equity 154.2k NOK → 223.0k NOK (equity ratio 27.8% → 41.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.11m NOK to 1.60m NOK (-24.4% YoY). Calculated
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↓
Cash fell
Bank deposits 265.4k NOK → 71.5k NOK (-73.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.28m NOK → 1.72m NOK (60% → 107% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 655.0k NOK → 54.2k NOK — check capital reduction, conversion, or reclassification. Interpretation