ADVOKATFIRMA FOLSERAAS AS: årsregnskap 2020 vs 2019
Shrank 16% on revenue, weaker earnings
approved 2021-03-01; registry 2021-03-13; journal 2021 146896
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA FOLSERAAS AS. Revenue 1.78m NOK → 1.50m NOK (-15.7%). Net result +184.0k NOK → +124.0k NOK. Equity 850.8k NOK → 824.7k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 605.1k NOK → 613.8k NOK (+1.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 987.5k NOK → 772.9k NOK (55% → 51% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.78m NOK to 1.50m NOK (-15.7% YoY). Calculated
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↓
Operating result weakened
Operating result +234.1k NOK → +157.2k NOK (op. margin 13.1% → 10.5%). Calculated
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↓
Net result weakened
Net result +184.0k NOK → +124.0k NOK (net margin 10.3% → 8.3%). Calculated
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↓
Equity eroded
Book equity 850.8k NOK → 824.7k NOK (equity ratio 70.1% → 68.8%). Calculated