ADVOKATFIRMAET FRØY AS: årsregnskap 2020 vs 2019
Grew 11% on revenue, slipped into loss
approved 2021-03-30; registry 2021-04-07; journal 2021 187284
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET FRØY AS. Revenue 15.11m NOK → 16.71m NOK (+10.6%). Net result +406.5k NOK → -355.9k NOK. Equity 10.64m NOK → 772.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET FRØY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 15.11m NOK to 16.71m NOK (+10.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +593.4k NOK → -265.0k NOK (op. margin 3.9% → -1.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 406.5k NOK profit to a loss of 355.9k NOK. Calculated
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↓
Equity eroded
Book equity 10.64m NOK → 772.4k NOK (equity ratio 272.6% → 15.4%). Calculated
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↓
Cash fell
Bank deposits 462.4k NOK → 445.5k NOK (-3.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.10× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 10.18m NOK → 12.40m NOK (67% → 74% of revenue). Calculated