ADVOKATFIRMAET DINGSTAD-ERIKSEN AS: årsregnskap 2020 vs 2019
Grew 89% on revenue, stronger earnings
approved 2021-06-28; registry 2021-07-01; journal 2021 504693
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET DINGSTAD-ERIKSEN AS. Revenue 245.5k NOK → 465.0k NOK (+89.4%). Net result -79.5k NOK → -28.8k NOK. Equity -71.5k NOK → -100.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET DINGSTAD-ERIKSEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 245.5k NOK to 465.0k NOK (+89.4% YoY). Calculated
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Operating result improved
Operating result -79.5k NOK → -28.8k NOK (op. margin -32.4% → -6.2%). Calculated
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Net result improved
Net result -79.5k NOK → -28.8k NOK (net margin -32.4% → -6.2%). Calculated
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Payroll decreased
Salary cost 163.1k NOK → 2 NOK (66% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -71.5k NOK → -100.3k NOK (equity ratio -46.6% → -75.3%). Calculated
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↓
Cash fell
Bank deposits 82.4k NOK → 41.4k NOK (-49.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -75.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation