FirmaIQ
Org.nr 999 277 853 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA ENGENES AS: årsregnskap 2020 vs 2019

Grew 5% on revenue, stronger earnings, cash halved-plus

approved 2021-04-05; registry 2021-04-10; journal 2021 191630

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA ENGENES AS. Revenue 4.44m NOK → 4.67m NOK (+5.0%). Net result +969.2k NOK → +1.37m NOK. Equity 218.8k NOK → 242.7k NOK.

On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA ENGENES AS.

At a glance

Scorecard

Revenue
4.44m NOK 4.67m NOK
+5.0%
Operating result
n/m +1.76m NOK
—
Net result
+969.2k NOK +1.37m NOK
+41.8%
Equity
218.8k NOK 242.7k NOK
+10.9%
Cash
421.9k NOK 54.7k NOK
-87.0%
Total assets
2.46m NOK 2.68m NOK
+8.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.44m NOK to 4.67m NOK (+5.0% YoY). Calculated

  • ↑

    Net result improved

    Net result +969.2k NOK → +1.37m NOK (net margin 21.8% → 29.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 218.8k NOK → 242.7k NOK (equity ratio 8.9% → 9.1%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.19× → 1.08×. Calculated

  • ↑

    Payroll decreased

    Salary cost 1.94m NOK → 1.85m NOK (44% → 40% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 421.9k NOK → 54.7k NOK (-87.0% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 421.0k NOK → 168.4k NOK (-60.0% YoY). Calculated