FirmaIQ
Org.nr 918 120 734 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA SØRSKÅR KONTORDRIFT: årsregnskap 2020 vs 2019

Grew 26% on revenue, stronger earnings

approved 2021-05-08; registry 2021-05-31; journal 2021 350507

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA SØRSKÅR KONTORDRIFT. Revenue 1.22m NOK → 1.53m NOK (+26.0%). Net result +383 NOK → +70.0k NOK. Equity 19.3k NOK → 89.3k NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA SØRSKÅR KONTORDRIFT.

At a glance

Scorecard

Revenue
1.22m NOK 1.53m NOK
+26.0%
Operating result
+2 177 NOK +90.2k NOK
+4041.3%
Net result
+383 NOK +70.0k NOK
+18172.1%
Equity
19.3k NOK 89.3k NOK
+361.9%
Cash
208.0k NOK 142.2k NOK
-31.6%
Total assets
328.5k NOK 415.6k NOK
+26.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.22m NOK to 1.53m NOK (+26.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2 177 NOK → +90.2k NOK (op. margin 0.2% → 5.9%). Calculated

  • ↑

    Net result improved

    Net result +383 NOK → +70.0k NOK (net margin 0.0% → 4.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 19.3k NOK → 89.3k NOK (equity ratio 5.9% → 21.5%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.00× → 1.05×. Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 208.0k NOK → 142.2k NOK (-31.6% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 491.6k NOK → 663.3k NOK (40% → 43% of revenue). Calculated