ADVOKATFIRMAET HANSSON AS: årsregnskap 2020 vs 2019
Shrank 17% on revenue, slipped into loss, cash halved-plus
approved 2021-04-24; registry 2021-05-03; journal 2021 248286
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HANSSON AS. Revenue 2.97m NOK → 2.46m NOK (-17.0%). Net result +65.6k NOK → -532.6k NOK. Equity 324.2k NOK → -208.5k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET HANSSON AS.
At a glance
Scorecard
What improved
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Current ratio back above 1×
Current ratio 0.20× → 164.82×. Calculated
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↑
Payroll decreased
Salary cost 1.83m NOK → 1.79m NOK (62% → 73% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.97m NOK to 2.46m NOK (-17.0% YoY). Calculated
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↓
Operating result weakened
Operating result +83 NOK → -654.5k NOK (op. margin 0.0% → -26.6%). Calculated
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Fell into a net loss
Net result flipped from 65.6k NOK profit to a loss of 532.6k NOK. Calculated
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↓
Equity eroded
Book equity 324.2k NOK → -208.5k NOK (equity ratio 194.4% → -16.7%). Calculated
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↓
Cash fell
Bank deposits 168.9k NOK → 65.1k NOK (-61.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -16.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation