ADVOKATFIRMA RUNE H ERIKSEN AS: årsregnskap 2020 vs 2019
Shrank 62% on revenue
approved 2021-03-18; registry 2021-03-30; journal 2021 179636
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA RUNE H ERIKSEN AS. Revenue 2.09m NOK → 799.2k NOK (-61.8%). Equity 575.3k NOK → 334.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
2.09m NOK
799.2k NOK
-61.8%
Operating result
n/m
+189.2k NOK
—
Net result
n/m
+158.8k NOK
—
Equity
575.3k NOK
334.0k NOK
-41.9%
Cash
1.07m NOK
640.6k NOK
-40.1%
Total assets
1.76m NOK
901.1k NOK
-48.9%
What improved
-
↑
Payroll decreased
Salary cost 885.5k NOK → 424.4k NOK (42% → 53% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.09m NOK to 799.2k NOK (-61.8% YoY). Calculated
-
↓
Equity eroded
Book equity 575.3k NOK → 334.0k NOK (equity ratio 32.6% → 37.1%). Calculated
-
↓
Cash fell
Bank deposits 1.07m NOK → 640.6k NOK (-40.1% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 44.2k NOK → 55.5k NOK (+25.6% YoY). Calculated