ADVOKATFIRMAET BERGE AS: årsregnskap 2020 vs 2019
Shrank 14% on revenue
approved 2021-04-30; registry 2021-05-03; journal 2021 256442
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET BERGE AS. Revenue 2.35m NOK → 2.02m NOK (-13.8%). Net result +277.1k NOK → +287.9k NOK. Equity 225.6k NOK → 83.4k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET BERGE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +394.0k NOK → +395.4k NOK (op. margin 16.8% → 19.5%). Calculated
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Payroll decreased
Salary cost 1.19m NOK → 875.3k NOK (51% → 43% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.35m NOK to 2.02m NOK (-13.8% YoY). Calculated
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Equity eroded
Book equity 225.6k NOK → 83.4k NOK (equity ratio 12.9% → 5.6%). Calculated
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Cash fell
Bank deposits 225.0k NOK → 215.4k NOK (-4.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.29× → 0.96× — 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 5.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 66.6k NOK → 28.2k NOK (-57.7% YoY). Calculated