FirmaIQ
Org.nr 921 146 426 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET GJESDAHL AS: årsregnskap 2020 vs 2019

Grew 46% on revenue, returned to profit

approved 2021-04-09; registry 2021-04-26; journal 2021 224476

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET GJESDAHL AS. Revenue 1.02m NOK → 1.48m NOK (+46.1%). Net result -310.3k NOK → +230.8k NOK. Equity 1.54m NOK → 1.77m NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET GJESDAHL AS.

At a glance

Scorecard

Revenue
1.02m NOK 1.48m NOK
+46.1%
Operating result
-402.2k NOK +297.8k NOK
+174.0%
Net result
-310.3k NOK +230.8k NOK
+174.4%
Equity
1.54m NOK 1.77m NOK
+15.0%
Cash
1.07m NOK 989.1k NOK
-7.8%
Total assets
1.66m NOK 2.00m NOK
+20.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.02m NOK to 1.48m NOK (+46.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -402.2k NOK → +297.8k NOK (op. margin -39.6% → 20.1%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 310.3k NOK to a profit of 230.8k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 1.54m NOK → 1.77m NOK (equity ratio 92.4% → 88.4%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.07m NOK → 989.1k NOK (-7.8% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 681.3k NOK → 715.5k NOK (67% → 48% of revenue). Calculated