FirmaIQ
Org.nr 912 785 386 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA WANG & HOLM-OLSEN AS: årsregnskap 2020 vs 2019

Shrank 16% on revenue, slipped into loss

approved 2021-03-09; registry 2021-04-08; journal 2021 189675

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA WANG & HOLM-OLSEN AS. Revenue 5.76m NOK → 4.82m NOK (-16.3%). Net result +528.0k NOK → -175.3k NOK. Equity 1.28m NOK → 1.10m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA WANG & HOLM-OLSEN AS.

At a glance

Scorecard

Revenue
5.76m NOK 4.82m NOK
-16.3%
Operating result
+677.7k NOK -227.6k NOK
-133.6%
Net result
+528.0k NOK -175.3k NOK
-133.2%
Equity
1.28m NOK 1.10m NOK
-13.7%
Cash
131.8k NOK 1.20m NOK
+811.2%
Total assets
2.46m NOK 1.79m NOK
-27.1%

What improved

  • ↑

    Cash rose

    Bank deposits 131.8k NOK → 1.20m NOK (+811.2% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.76m NOK to 4.82m NOK (-16.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +677.7k NOK → -227.6k NOK (op. margin 11.8% → -4.7%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 528.0k NOK profit to a loss of 175.3k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.28m NOK → 1.10m NOK (equity ratio 52.1% → 61.7%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 47.4k NOK → 3 260 NOK (-93.1% YoY). Calculated