FirmaIQ
Org.nr 984 677 499 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA TINGMANN AS: årsregnskap 2020 vs 2019

Shrank 9% on revenue, stronger earnings

approved 2021-04-30; registry 2021-05-04; journal 2021 257598

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA TINGMANN AS. Revenue 11.98m NOK → 10.88m NOK (-9.2%). Net result +200.6k NOK → +291.1k NOK. Equity 1.35m NOK → 6.27m NOK.

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

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
11.98m NOK 10.88m NOK
-9.2%
Operating result
+266.4k NOK +412.9k NOK
+55.0%
Net result
+200.6k NOK +291.1k NOK
+45.1%
Equity
1.35m NOK 6.27m NOK
+364.0%
Cash
107.3k NOK 301.6k NOK
+181.2%
Total assets
4.06m NOK 3.76m NOK
-7.3%

What improved

  • ↑

    Operating result improved

    Operating result +266.4k NOK → +412.9k NOK (op. margin 2.2% → 3.8%). Calculated

  • ↑

    Net result improved

    Net result +200.6k NOK → +291.1k NOK (net margin 1.7% → 2.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.35m NOK → 6.27m NOK (equity ratio 33.3% → 166.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 107.3k NOK → 301.6k NOK (+181.2% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 8.20m NOK → 7.25m NOK (68% → 67% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 11.98m NOK to 10.88m NOK (-9.2% YoY). Calculated