FirmaIQ
Org.nr 923 116 958 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET GISVOLD AS: årsregnskap 2020 vs 2019

Grew 316686% on revenue, stronger earnings

approved 2021-02-12; registry 2021-02-17; journal 2021 117926

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET GISVOLD AS. Revenue 3 256 NOK → 10.31m NOK (+316686.5%). Net result +2 184 NOK → +7.00m NOK. Equity 2.38m NOK → 687.6k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

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

At a glance

Scorecard

Revenue
3 256 NOK 10.31m NOK
+316686.5%
Operating result
+2 801 NOK +6.80m NOK
+242741.1%
Net result
+2 184 NOK +7.00m NOK
+320412.8%
Equity
2.38m NOK 687.6k NOK
-71.2%
Cash
3 149 NOK 8.51m NOK
+270145.6%
Total assets
3.52m NOK 10.00m NOK
+184.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3 256 NOK to 10.31m NOK (+316686.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2 801 NOK → +6.80m NOK (op. margin 86.0% → 65.9%). Calculated

  • ↑

    Net result improved

    Net result +2 184 NOK → +7.00m NOK (net margin 67.1% → 67.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 3 149 NOK → 8.51m NOK (+270145.6% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 2.38m NOK → 687.6k NOK (equity ratio 67.8% → 6.9%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 319.8k NOK → 329.4k NOK (9823% → 3% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 11.3k NOK → 1.63m NOK (+14343.1% YoY). Calculated