FirmaIQ
Org.nr 990 209 022 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA ØGLÆND & CO AS: årsregnskap 2020 vs 2019

Stronger earnings

approved 2021-01-27; registry 2021-03-06; journal 2021 137300

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA ØGLÆND & CO AS. Revenue 9.02m NOK → 8.70m NOK (-3.5%). Net result +80.6k NOK → +950.8k NOK. Equity 781.3k NOK → 4 882 NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMA ØGLÆND & CO AS.

At a glance

Scorecard

Revenue
9.02m NOK 8.70m NOK
-3.5%
Operating result
+125.7k NOK +228.5k NOK
+81.8%
Net result
+80.6k NOK +950.8k NOK
+1080.2%
Equity
781.3k NOK 4 882 NOK
-99.4%
Cash
395.3k NOK 918.0k NOK
+132.2%
Total assets
4.41m NOK 3.84m NOK
-12.8%

What improved

  • ↑

    Operating result improved

    Operating result +125.7k NOK → +228.5k NOK (op. margin 1.4% → 2.6%). Calculated

  • ↑

    Net result improved

    Net result +80.6k NOK → +950.8k NOK (net margin 0.9% → 10.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 395.3k NOK → 918.0k NOK (+132.2% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 7.05m NOK → 5.69m NOK (78% → 65% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 9.02m NOK to 8.70m NOK (-3.5% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 781.3k NOK → 4 882 NOK (equity ratio 17.7% → 0.1%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation