ADVOKATFIRMAET GJESSING AS: årsregnskap 2020 vs 2019
Grew 160280% on revenue, stronger earnings, fresh owner capital
approved 2021-04-08; registry 2021-04-12; journal 2021 194629
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET GJESSING AS. Revenue 15.7k NOK → 25.16m NOK (+160279.9%). Net result +4.12m NOK → +6.25m NOK. Equity 5.31m NOK → 4.45m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET GJESSING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 15.7k NOK to 25.16m NOK (+160279.9% YoY). Calculated
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Operating result improved
Operating result +5.27m NOK → +8.00m NOK (op. margin 33584.2% → 31.8%). Calculated
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Net result improved
Net result +4.12m NOK → +6.25m NOK (net margin 26251.7% → 24.8%). Calculated
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Cash rose
Bank deposits 4 NOK → 5.58m NOK (+139411225.0% YoY). Calculated
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Owners injected capital
Paid-in equity rose 1 194 NOK → 1.20m NOK (+1.20m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 5.31m NOK → 4.45m NOK (equity ratio 44.1% → 34.4%). Calculated
Things to notice
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Payroll increased
Salary cost 7 508 NOK → 13.12m NOK (48% → 52% of revenue). Calculated
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COGS moved
COGS / varekostnad 8 162 NOK → 70.8k NOK (+767.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 900 NOK → 900.9k NOK. Reported fact