ADVOKATFIRMAET BRAUTE AS: årsregnskap 2020 vs 2019
Shrank 62% on revenue, slipped into loss
approved 2021-04-21; registry 2021-04-28; journal 2021 235473
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET BRAUTE AS. Revenue 1.45m NOK → 555.1k NOK (-61.7%). Net result +149.8k NOK → -336.3k NOK. Equity 630.4k NOK → 294.1k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. 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 ADVOKATFIRMAET BRAUTE AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.12× → 2.32×. Calculated
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↑
Payroll decreased
Salary cost 737.9k NOK → 716.0k NOK (51% → 129% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.45m NOK to 555.1k NOK (-61.7% YoY). Calculated
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↓
Operating result weakened
Operating result +194.7k NOK → -430.9k NOK (op. margin 13.4% → -77.6%). Calculated
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Fell into a net loss
Net result flipped from 149.8k NOK profit to a loss of 336.3k NOK. Calculated
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↓
Equity eroded
Book equity 630.4k NOK → 294.1k NOK (equity ratio 1206.1% → 56.8%). Calculated
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↓
Cash fell
Bank deposits 383.0k NOK → 334.5k NOK (-12.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 143.3k NOK → 25.3k NOK (-82.3% YoY). Calculated