FirmaIQ
Org.nr 989 416 995 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA SEKSE & CO. AS: årsregnskap 2020 vs 2019

Shrank 16% on revenue

approved 2021-03-10; registry 2021-04-19; journal 2021 206128

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA SEKSE & CO. AS. Revenue 23.39m NOK → 19.61m NOK (-16.2%). Net result -1 144 NOK → -589 NOK. Equity 857.3k NOK → 856.7k NOK.

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

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

At a glance

Scorecard

Revenue
23.39m NOK 19.61m NOK
-16.2%
Operating result
+13.5k NOK +10.7k NOK
-20.5%
Net result
-1 144 NOK -589 NOK
+48.5%
Equity
857.3k NOK 856.7k NOK
-0.1%
Cash
2.80m NOK 2.78m NOK
-0.7%
Total assets
10.31m NOK 10.65m NOK
+3.3%

What improved

  • ↑

    Payroll decreased

    Salary cost 2.37m NOK → 2.05m NOK (10% → 10% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 23.39m NOK to 19.61m NOK (-16.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +13.5k NOK → +10.7k NOK (op. margin 0.1% → 0.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.80m NOK → 2.78m NOK (-0.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 8.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation