ADVOKATFIRMA GEIRR FRØNES AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-04-30; registry 2021-05-03; journal 2021 256458
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA GEIRR FRØNES AS. Revenue 2.90m NOK → 3.05m NOK (+4.9%). Net result +330.2k NOK → +197.0k NOK. Equity 763.3k NOK → 750.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA GEIRR FRØNES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.90m NOK to 3.05m NOK (+4.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +437.3k NOK → +239.4k NOK (op. margin 15.1% → 7.9%). Calculated
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↓
Net result weakened
Net result +330.2k NOK → +197.0k NOK (net margin 11.4% → 6.5%). Calculated
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↓
Equity eroded
Book equity 763.3k NOK → 750.4k NOK (equity ratio 261.2% → 66.6%). Calculated
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↓
Cash fell
Bank deposits 739.5k NOK → 539.9k NOK (-27.0% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.86m NOK → 2.09m NOK (64% → 69% of revenue). Calculated