ADVOKATFIRMA WÅLAND AS: årsregnskap 2020 vs 2019
Shrank 40% on revenue, weaker earnings
approved 2021-03-05; registry 2021-03-11; journal 2021 143493
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA WÅLAND AS. Revenue 4.67m NOK → 2.81m NOK (-39.9%). Net result +719.3k NOK → +414.5k NOK. Equity 449.3k NOK → 444.8k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA WÅLAND AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 374.3k NOK → 533.1k NOK (+42.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.71m NOK → 1.25m NOK (37% → 44% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.67m NOK to 2.81m NOK (-39.9% YoY). Calculated
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↓
Operating result weakened
Operating result +921.3k NOK → +529.4k NOK (op. margin 19.7% → 18.9%). Calculated
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↓
Net result weakened
Net result +719.3k NOK → +414.5k NOK (net margin 15.4% → 14.8%). Calculated
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↓
Equity eroded
Book equity 449.3k NOK → 444.8k NOK (equity ratio 34.3% → 43.5%). Calculated
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↓
COGS moved
COGS / varekostnad 39.5k NOK → 85.4k NOK (+116.4% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 170.0k NOK → 9 NOK. Reported fact