ADVOKATFIRMAET HOLST STIFJELL AS: årsregnskap 2020 vs 2019
Grew 11% on revenue, stronger earnings
approved 2021-04-30; registry 2021-05-03; journal 2021 256588
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HOLST STIFJELL AS. Revenue 1.04m NOK → 1.15m NOK (+10.7%). Net result -197.2k NOK → -61.6k NOK. Equity -358.5k NOK → -420.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET HOLST STIFJELL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.04m NOK to 1.15m NOK (+10.7% YoY). Calculated
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Operating result improved
Operating result -141.4k NOK → -3 245 NOK (op. margin -13.6% → -0.3%). Calculated
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Net result improved
Net result -197.2k NOK → -61.6k NOK (net margin -18.9% → -5.3%). Calculated
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Cash rose
Bank deposits 22.1k NOK → 30.1k NOK (+36.2% YoY). Calculated
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Payroll decreased
Salary cost 543.78m NOK → 1 122 NOK (52214% → 0% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity -358.5k NOK → -420.1k NOK (equity ratio -99.1% → -136.9%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -136.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation