FirmaIQ
Org.nr 987 363 525 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA RIISØEN AS: årsregnskap 2020 vs 2019

Grew 32% on revenue, stronger earnings

approved 2021-04-28; registry 2021-05-03; journal 2021 247902

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA RIISØEN AS. Revenue 1.30m NOK → 1.71m NOK (+32.0%). Net result +7 235 NOK → +321.6k NOK. Equity 1.26m NOK → 1.50m NOK.

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

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA RIISØEN AS.

At a glance

Scorecard

Revenue
1.30m NOK 1.71m NOK
+32.0%
Operating result
+17.3k NOK +420.5k NOK
+2330.5%
Net result
+7 235 NOK +321.6k NOK
+4345.4%
Equity
1.26m NOK 1.50m NOK
+19.2%
Cash
728.8k NOK 434.0k NOK
-40.5%
Total assets
1.77m NOK 2.09m NOK
+18.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.30m NOK to 1.71m NOK (+32.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +17.3k NOK → +420.5k NOK (op. margin 1.3% → 24.5%). Calculated

  • ↑

    Net result improved

    Net result +7 235 NOK → +321.6k NOK (net margin 0.6% → 18.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.26m NOK → 1.50m NOK (equity ratio 71.2% → 71.9%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 728.8k NOK → 434.0k NOK (-40.5% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 813.8k NOK → 916.0k NOK (63% → 53% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 800.8k NOK → 30.8k NOK. Reported fact