FirmaIQ
Org.nr 915 610 633 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA SKRETTING AS: årsregnskap 2020 vs 2019

Shrank 5% on revenue

approved 2021-04-29; registry 2021-05-03; journal 2021 252530

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA SKRETTING AS. Revenue 4.24m NOK → 4.01m NOK (-5.4%). Net result +492.5k NOK → +563.3k NOK. Equity 1.10m NOK → 1.56m NOK.

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

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
4.24m NOK 4.01m NOK
-5.4%
Operating result
+639.1k NOK +756.6k NOK
+18.4%
Net result
+492.5k NOK +563.3k NOK
+14.4%
Equity
1.10m NOK 1.56m NOK
+42.1%
Cash
961.4k NOK 642.1k NOK
-33.2%
Total assets
1.99m NOK 2.49m NOK
+25.6%

What improved

  • ↑

    Operating result improved

    Operating result +639.1k NOK → +756.6k NOK (op. margin 15.1% → 18.9%). Calculated

  • ↑

    Net result improved

    Net result +492.5k NOK → +563.3k NOK (net margin 11.6% → 14.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.10m NOK → 1.56m NOK (equity ratio 55.4% → 62.7%). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.37m NOK → 2.18m NOK (56% → 54% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.24m NOK to 4.01m NOK (-5.4% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 961.4k NOK → 642.1k NOK (-33.2% YoY). Calculated