Org.nr 970 963 286 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET DENNIS R BRORSTRØM AS: årsregnskap 2020 vs 2019

Shrank 11% on revenue

approved 2021-04-06; registry 2021-04-08; journal 2021 189331

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET DENNIS R BRORSTRØM AS. Revenue 2.70m NOK → 2.41m NOK (-10.8%). Equity 2.17m NOK → 13.95m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET DENNIS R BRORSTRØM AS.

At a glance

Revenue

2.70m NOK 2.41m NOK

-10.8%

Operating result

n/m +1.23m NOK

—

Net result

n/m +973.8k NOK

—

Equity

2.17m NOK 13.95m NOK

+542.0%

Cash

1.35m NOK 1.14m NOK

-15.7%

Total assets

3.39m NOK 3.18m NOK

-6.0%

↑
Equity strengthened

Book equity 2.17m NOK → 13.95m NOK (equity ratio 64.2% → 438.1%). Calculated
↑
Payroll decreased

Salary cost 3.77m NOK → 3.65m NOK (139% → 151% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.70m NOK to 2.41m NOK (-10.8% YoY). Calculated
↓
Cash fell

Bank deposits 1.35m NOK → 1.14m NOK (-15.7% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.70× → 0.77× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Book investments changed

Investment / intangible book value 115.4k NOK → 295.4k NOK. Reported fact