ADVOKATFIRMA SIMONSEN OG RANA AS: årsregnskap 2020 vs 2019
Shrank 68% on revenue, returned to profit
approved 2021-05-25; registry 2021-06-01; journal 2021 363537
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA SIMONSEN OG RANA AS. Revenue 732.0k NOK → 231.8k NOK (-68.3%). Net result -2 369 NOK → +411.0k NOK. Equity 57.1k NOK → 6.47m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -979 NOK → +532.3k NOK (op. margin -0.1% → 229.6%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 2 369 NOK to a profit of 411.0k NOK. Calculated
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↑
Equity strengthened
Book equity 57.1k NOK → 6.47m NOK (equity ratio 13.8% → 662.3%). Calculated
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Cash rose
Bank deposits 49.7k NOK → 332.6k NOK (+568.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 732.0k NOK to 231.8k NOK (-68.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 515.6k NOK → 2.29m NOK (70% → 990% of revenue). Calculated