ADVOKATFIRMA SØLVERUD AS: årsregnskap 2020 vs 2019
Shrank 10% on revenue, returned to profit
registry 2021-05-27; journal 2021 333033
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA SØLVERUD AS. Revenue 4.68m NOK → 4.22m NOK (-9.8%). Net result -59.4k NOK → +33.3k NOK. Equity -5 535 NOK → 27.8k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA SØLVERUD AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -57.9k NOK → +38.1k NOK (op. margin -1.2% → 0.9%). Calculated
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Turned profitable
Net result flipped from a loss of 59.4k NOK to a profit of 33.3k NOK. Calculated
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Equity strengthened
Book equity -5 535 NOK → 27.8k NOK (equity ratio -0.4% → 2.4%). Calculated
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Payroll decreased
Salary cost 3.53m NOK → 2.97m NOK (76% → 71% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.68m NOK to 4.22m NOK (-9.8% YoY). Calculated
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Cash fell
Bank deposits 617.4k NOK → 331.4k NOK (-46.3% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 31.0k NOK → 107.1k NOK (+245.0% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 25.0k NOK → 71.0k NOK. Reported fact