FirmaIQ
Org.nr 912 016 056 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA FREIBU AS: årsregnskap 2020 vs 2019

Grew 7% on revenue, stronger earnings

approved 2021-04-28; registry 2021-05-01; journal 2021 245115

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA FREIBU AS. Revenue 6.18m NOK → 6.64m NOK (+7.3%). Net result +2.12m NOK → +2.85m NOK. Equity 4.86m NOK → 5.69m NOK.

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

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
6.18m NOK 6.64m NOK
+7.3%
Operating result
+2.70m NOK +3.72m NOK
+37.9%
Net result
+2.12m NOK +2.85m NOK
+34.4%
Equity
4.86m NOK 5.69m NOK
+17.0%
Cash
1.15m NOK 855.4k NOK
-25.9%
Total assets
7.92m NOK 7.48m NOK
-5.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6.18m NOK to 6.64m NOK (+7.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2.70m NOK → +3.72m NOK (op. margin 43.6% → 56.1%). Calculated

  • ↑

    Net result improved

    Net result +2.12m NOK → +2.85m NOK (net margin 34.3% → 43.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 4.86m NOK → 5.69m NOK (equity ratio 61.4% → 76.1%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.30m NOK → 1.17m NOK (21% → 18% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.15m NOK → 855.4k NOK (-25.9% YoY). Calculated