FirmaIQ
Org.nr 911 943 328 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET BAADSTØ AS: årsregnskap 2020 vs 2019

Shrank 6% on revenue, slipped into loss, cash halved-plus

approved 2021-04-25; registry 2021-05-03; journal 2021 251996

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET BAADSTØ AS. Revenue 3.52m NOK → 3.32m NOK (-5.7%). Net result +17.4k NOK → -227.5k NOK. Equity 2.04m NOK → 1.81m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATFIRMAET BAADSTØ AS.

At a glance

Scorecard

Revenue
3.52m NOK 3.32m NOK
-5.7%
Operating result
-1 585 NOK -290.0k NOK
-18196.3%
Net result
+17.4k NOK -227.5k NOK
-1406.0%
Equity
2.04m NOK 1.81m NOK
-11.2%
Cash
8.62m NOK 8 NOK
-100.0%
Total assets
2.86m NOK 2.79m NOK
-2.3%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.52m NOK to 3.32m NOK (-5.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -1 585 NOK → -290.0k NOK (op. margin -0.0% → -8.7%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 17.4k NOK profit to a loss of 227.5k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 2.04m NOK → 1.81m NOK (equity ratio 71.3% → 64.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 8.62m NOK → 8 NOK (-100.0% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (8.62m NOK → 8 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation