FirmaIQ
Org.nr 914 160 898 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET ERIKSEN AS: årsregnskap 2020 vs 2019

Grew 16% on revenue

approved 2021-04-14; registry 2021-04-24; journal 2021 220348

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET ERIKSEN AS. Revenue 5.43m NOK → 6.29m NOK (+15.8%). Net result +254.4k NOK → +300.6k NOK. Equity 1.36m NOK → 1.36m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET ERIKSEN AS.

At a glance

Scorecard

Revenue
5.43m NOK 6.29m NOK
+15.8%
Operating result
+309.5k NOK +379.7k NOK
+22.7%
Net result
+254.4k NOK +300.6k NOK
+18.2%
Equity
1.36m NOK 1.36m NOK
+0.0%
Cash
995.0k NOK 870.1k NOK
-12.6%
Total assets
2.46m NOK 2.65m NOK
+7.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.43m NOK to 6.29m NOK (+15.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +309.5k NOK → +379.7k NOK (op. margin 5.7% → 6.0%). Calculated

  • ↑

    Net result improved

    Net result +254.4k NOK → +300.6k NOK (net margin 4.7% → 4.8%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 995.0k NOK → 870.1k NOK (-12.6% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 3.54m NOK → 3.96m NOK (65% → 63% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 58.4k NOK → 151.8k NOK (+159.8% YoY). Calculated