ADVOKATFIRMAET EIDE & CO AS: årsregnskap 2020 vs 2019
Shrank 19% on revenue, returned to profit
approved 2021-04-07; registry 2021-04-12; journal 2021 193789
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET EIDE & CO AS. Revenue 1.72m NOK → 1.40m NOK (-18.7%). Net result -249.5k NOK → +58.2k NOK. Equity -521.9k NOK → -463.7k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -180.2k NOK → +112.7k NOK (op. margin -10.5% → 8.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 249.5k NOK to a profit of 58.2k NOK. Calculated
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↑
Equity strengthened
Book equity -521.9k NOK → -463.7k NOK (equity ratio -52.5% → -48.6%). Calculated
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↑
Cash rose
Bank deposits 345.5k NOK → 422.3k NOK (+22.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.94m NOK → 561.6k NOK (171% → 40% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.72m NOK to 1.40m NOK (-18.7% YoY). Calculated