ADVOKATFIRMA KONTRAKT AS: årsregnskap 2020 vs 2019
Shrank 12% on revenue, stronger earnings
approved 2021-03-24; registry 2021-05-27; journal 2021 336319
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA KONTRAKT AS. Revenue 24.31m NOK → 21.47m NOK (-11.7%). Net result +2 019 NOK → +925.2k NOK. Equity 5.76m NOK → 1.73m NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
24.31m NOK
21.47m NOK
-11.7%
Net result
+2 019 NOK
+925.2k NOK
+45724.7%
Equity
5.76m NOK
1.73m NOK
-69.9%
Cash
9.96m NOK
5.58m NOK
-44.0%
Total assets
12.92m NOK
8.81m NOK
-31.8%
What improved
-
↑
Net result improved
Net result +2 019 NOK → +925.2k NOK (net margin 0.0% → 4.3%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 24.31m NOK to 21.47m NOK (-11.7% YoY). Calculated
-
↓
Equity eroded
Book equity 5.76m NOK → 1.73m NOK (equity ratio 44.6% → 19.7%). Calculated
-
↓
Cash fell
Bank deposits 9.96m NOK → 5.58m NOK (-44.0% YoY). Calculated