FirmaIQ
Org.nr 997 656 091 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA RISNES AS: årsregnskap 2020 vs 2019

Shrank 37% on revenue, weaker earnings

approved 2021-04-29; registry 2021-05-03; journal 2021 252960

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA RISNES AS. Revenue 3.69m NOK → 2.33m NOK (-36.9%). Net result +709.0k NOK → +226.1k NOK. Equity 421.2k NOK → 1.25m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
3.69m NOK 2.33m NOK
-36.9%
Operating result
+834.5k NOK +302.5k NOK
-63.7%
Net result
+709.0k NOK +226.1k NOK
-68.1%
Equity
421.2k NOK 1.25m NOK
+196.1%
Cash
7.40m NOK 7.25m NOK
-1.9%
Total assets
2.00m NOK 1.58m NOK
-20.9%

What improved

  • ↑

    Equity strengthened

    Book equity 421.2k NOK → 1.25m NOK (equity ratio 21.1% → 79.1%). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.98m NOK → 927.5k NOK (81% → 40% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.69m NOK to 2.33m NOK (-36.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +834.5k NOK → +302.5k NOK (op. margin 22.6% → 13.0%). Calculated

  • ↓

    Net result weakened

    Net result +709.0k NOK → +226.1k NOK (net margin 19.2% → 9.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 7.40m NOK → 7.25m NOK (-1.9% YoY). Calculated