ADVOKATFIRMA MJAASETH AS: årsregnskap 2020 vs 2019
Stronger earnings
approved 2021-01-14; registry 2021-03-29; journal 2021 174426
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA MJAASETH AS. Revenue 1.85m NOK → 1.88m NOK (+1.6%). Net result +21.9k NOK → +36.6k NOK. Equity 525.9k NOK → 11.56m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA MJAASETH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.85m NOK to 1.88m NOK (+1.6% YoY). Calculated
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↑
Net result improved
Net result +21.9k NOK → +36.6k NOK (net margin 1.2% → 1.9%). Calculated
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↑
Equity strengthened
Book equity 525.9k NOK → 11.56m NOK (equity ratio 43.8% → 844.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 280.8k NOK → 191.9k NOK (-31.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.26× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 352.9k NOK → 358.3k NOK. Reported fact