ADVOKATFIRMA KRANE AS: årsregnskap 2020 vs 2019
Grew 1890% on revenue, returned to profit
approved 2021-04-27; registry 2021-04-29; journal 2021 240780
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA KRANE AS. Revenue 37.9k NOK → 753.9k NOK (+1890.3%). Net result -46.2k NOK → +118.8k NOK. Equity 86.6k NOK → 205.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA KRANE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 37.9k NOK to 753.9k NOK (+1890.3% YoY). Calculated
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Operating result improved
Operating result -47.5k NOK → +131.9k NOK (op. margin -125.3% → 17.5%). Calculated
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Turned profitable
Net result flipped from a loss of 46.2k NOK to a profit of 118.8k NOK. Calculated
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Equity strengthened
Book equity 86.6k NOK → 205.4k NOK (equity ratio 27.8% → 55.9%). Calculated
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Cash rose
Bank deposits 174.3k NOK → 199.0k NOK (+14.2% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 3 NOK → 307.2k NOK (0% → 41% of revenue). Calculated
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COGS fell
COGS / varekostnad 9 551 NOK → 894 NOK (-90.6% YoY). Calculated