FirmaIQ
Org.nr 913 857 372 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA MÆLAND & CO AS: årsregnskap 2020 vs 2019

Grew 53% on revenue, stronger earnings

approved 2021-04-30; registry 2021-05-22; journal 2021 307730

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA MÆLAND & CO AS. Revenue 5.80m NOK → 8.86m NOK (+52.8%). Net result +1.01m NOK → +2.33m NOK. Equity 5.53m NOK → 5.86m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA MÆLAND & CO AS.

At a glance

Scorecard

Revenue
5.80m NOK 8.86m NOK
+52.8%
Operating result
+1.26m NOK +2.95m NOK
+134.5%
Net result
+1.01m NOK +2.33m NOK
+129.5%
Equity
5.53m NOK 5.86m NOK
+5.9%
Cash
n/m 6.07m NOK
—
Total assets
8.10m NOK 10.37m NOK
+28.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.80m NOK to 8.86m NOK (+52.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.26m NOK → +2.95m NOK (op. margin 21.7% → 33.3%). Calculated

  • ↑

    Net result improved

    Net result +1.01m NOK → +2.33m NOK (net margin 17.5% → 26.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 5.53m NOK → 5.86m NOK (equity ratio 68.3% → 56.5%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2.87m NOK → 4.25m NOK (49% → 48% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 214.5k NOK → 174.1k NOK (-18.8% YoY). Calculated