FirmaIQ
Org.nr 921 898 851 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET GLIMSHOLT AS: årsregnskap 2020 vs 2019

Grew 68328% on revenue, weaker earnings, cash halved-plus

approved 2021-04-16; registry 2021-04-22; journal 2021 217981

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET GLIMSHOLT AS. Revenue 4 692 NOK → 3.21m NOK (+68328.5%). Net result +1.00m NOK → +340.5k NOK. Equity 3.80m NOK → 939.6k NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
4 692 NOK 3.21m NOK
+68328.5%
Operating result
+1.29m NOK +440.9k NOK
-65.7%
Net result
+1.00m NOK +340.5k NOK
-66.0%
Equity
3.80m NOK 939.6k NOK
-75.3%
Cash
1.21m NOK 527.4k NOK
-56.4%
Total assets
2.65m NOK 1.90m NOK
-28.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4 692 NOK to 3.21m NOK (+68328.5% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +1.29m NOK → +440.9k NOK (op. margin 27409.8% → 13.7%). Calculated

  • ↓

    Net result weakened

    Net result +1.00m NOK → +340.5k NOK (net margin 21353.2% → 10.6%). Calculated

  • ↓

    Equity eroded

    Book equity 3.80m NOK → 939.6k NOK (equity ratio 143.3% → 49.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.21m NOK → 527.4k NOK (-56.4% YoY). Calculated