ADVOKATFIRMAET HERSTAD AS: årsregnskap 2020 vs 2019
Shrank 23% on revenue, weaker earnings
approved 2021-04-29; registry 2021-05-03; journal 2021 255006
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HERSTAD AS. Revenue 3.94m NOK → 3.04m NOK (-22.7%). Net result +251.8k NOK → +125.0k NOK. Equity 279.8k NOK → 404.8k NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 279.8k NOK → 404.8k NOK. Calculated
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↑
Cash rose
Bank deposits 584.2k NOK → 684.1k NOK (+17.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.42× → 2.19×. Calculated
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↑
Payroll decreased
Salary cost 2.06m NOK → 1.46m NOK (52% → 48% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.94m NOK to 3.04m NOK (-22.7% YoY). Calculated
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↓
Operating result weakened
Operating result +364.4k NOK → +194.1k NOK (op. margin 9.3% → 6.4%). Calculated
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↓
Net result weakened
Net result +251.8k NOK → +125.0k NOK (net margin 6.4% → 4.1%). Calculated
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↓
COGS moved
COGS / varekostnad 14.2k NOK → 21.2k NOK (+49.4% YoY). Calculated