FirmaIQ
Org.nr 918 181 202 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET ERIKSSEN & CO AS: årsregnskap 2020 vs 2019

Shrank 25% on revenue, returned to profit

approved 2021-04-07; registry 2021-04-12; journal 2021 193933

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET ERIKSSEN & CO AS. Revenue 4.73m NOK → 3.56m NOK (-24.6%). Net result -164.3k NOK → +193.4k NOK. Equity 26.2k NOK → 8.22m NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
4.73m NOK 3.56m NOK
-24.6%
Operating result
-163.1k NOK +211.9k NOK
+229.9%
Net result
-164.3k NOK +193.4k NOK
+217.7%
Equity
26.2k NOK 8.22m NOK
+31219.9%
Cash
414.8k NOK 357.5k NOK
-13.8%
Total assets
904.1k NOK 52.8k NOK
-94.2%

What improved

  • ↑

    Operating result improved

    Operating result -163.1k NOK → +211.9k NOK (op. margin -3.5% → 5.9%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 164.3k NOK to a profit of 193.4k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 26.2k NOK → 8.22m NOK (equity ratio 2.9% → 15568.0%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.86× → 1.08×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.73m NOK to 3.56m NOK (-24.6% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 414.8k NOK → 357.5k NOK (-13.8% YoY). Calculated