ADVOKATFIRMAET ACTIO AS: årsregnskap 2020 vs 2019
Grew 32% on revenue, slipped into loss, cash halved-plus
approved 2021-04-29; registry 2021-05-03; journal 2021 251316
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET ACTIO AS. Revenue 3.92m NOK → 5.18m NOK (+32.3%). Net result +272.0k NOK → -131.8k NOK. Equity 161.6k NOK → 29.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET ACTIO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.92m NOK to 5.18m NOK (+32.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +356.6k NOK → -164.2k NOK (op. margin 9.1% → -3.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 272.0k NOK profit to a loss of 131.8k NOK. Calculated
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↓
Equity eroded
Book equity 161.6k NOK → 29.7k NOK (equity ratio 16.4% → 5.8%). Calculated
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↓
Cash fell
Bank deposits 589.6k NOK → 141.5k NOK (-76.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.16× → 0.92× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.76m NOK → 4.47m NOK (70% → 86% of revenue). Calculated