FirmaIQ
Org.nr 987 941 065 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET ELVENES AS: årsregnskap 2020 vs 2019

Stronger earnings

approved 2021-04-29; registry 2021-05-03; journal 2021 251492

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET ELVENES AS. Revenue 1.84m NOK → 1.90m NOK (+3.1%). Net result +56.1k NOK → +240.6k NOK. Equity 635.9k NOK → 876.5k NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET ELVENES AS.

At a glance

Scorecard

Revenue
1.84m NOK 1.90m NOK
+3.1%
Operating result
+64.0k NOK +302.9k NOK
+373.4%
Net result
+56.1k NOK +240.6k NOK
+328.5%
Equity
635.9k NOK 876.5k NOK
+37.8%
Cash
367.2k NOK 388.4k NOK
+5.8%
Total assets
1.32m NOK 1.67m NOK
+26.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.84m NOK to 1.90m NOK (+3.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +64.0k NOK → +302.9k NOK (op. margin 3.5% → 15.9%). Calculated

  • ↑

    Net result improved

    Net result +56.1k NOK → +240.6k NOK (net margin 3.0% → 12.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 635.9k NOK → 876.5k NOK (equity ratio 48.3% → 52.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 367.2k NOK → 388.4k NOK (+5.8% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.12m NOK → 6.98m NOK (61% → 367% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 6 200 NOK → 12.4k NOK. Reported fact