ADVOKATFIRMA ARVE HAAKSTAD AS: årsregnskap 2020 vs 2019
Shrank 7% on revenue, weaker earnings, cash halved-plus
approved 2021-03-08; registry 2021-04-12; journal 2021 193327
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA ARVE HAAKSTAD AS. Revenue 2.87m NOK → 2.66m NOK (-7.4%). Net result +621.0k NOK → +23.9k NOK. Equity 2.80m NOK → 2.82m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMA ARVE HAAKSTAD AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 2.80m NOK → 2.82m NOK (equity ratio 73.6% → 72.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.87m NOK to 2.66m NOK (-7.4% YoY). Calculated
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↓
Operating result weakened
Operating result +458.6k NOK → +23.0k NOK (op. margin 16.0% → 0.9%). Calculated
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↓
Net result weakened
Net result +621.0k NOK → +23.9k NOK (net margin 21.6% → 0.9%). Calculated
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↓
Cash fell
Bank deposits 851.5k NOK → 8 NOK (-100.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.67m NOK → 1.80m NOK (58% → 68% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 2.80m NOK → 109.5k NOK — check capital reduction, conversion, or reclassification. Interpretation