FirmaIQ
Org.nr 996 262 375 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA FONN AS: årsregnskap 2020 vs 2019

Shrank 38% on revenue, slipped into loss

approved 2021-04-26; registry 2021-04-28; journal 2021 235963

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA FONN AS. Revenue 2.69m NOK → 1.67m NOK (-37.8%). Net result +541.6k NOK → -162.0k NOK. Equity 1.71m NOK → 1.55m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA FONN AS.

At a glance

Scorecard

Revenue
2.69m NOK 1.67m NOK
-37.8%
Operating result
+425.4k NOK -465.0k NOK
-209.3%
Net result
+541.6k NOK -162.0k NOK
-129.9%
Equity
1.71m NOK 1.55m NOK
-9.4%
Cash
42.2k NOK 194.2k NOK
+360.3%
Total assets
2.70m NOK n/m
—

What improved

  • ↑

    Cash rose

    Bank deposits 42.2k NOK → 194.2k NOK (+360.3% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.69m NOK to 1.67m NOK (-37.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +425.4k NOK → -465.0k NOK (op. margin 15.8% → -27.8%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 541.6k NOK profit to a loss of 162.0k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.71m NOK → 1.55m NOK. Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.57m NOK → 1.59m NOK (59% → 95% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 1.13m NOK → 748.8k NOK. Reported fact