ADVOKATFIRMAET HOLTER AS: årsregnskap 2020 vs 2019
Grew 60% on revenue, returned to profit
approved 2021-04-30; registry 2021-05-03; journal 2021 256940
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HOLTER AS. Revenue 414.5k NOK → 662.3k NOK (+59.8%). Net result -189.0k NOK → +136.9k NOK. Equity 9.43m NOK → 571.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET HOLTER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 414.5k NOK to 662.3k NOK (+59.8% YoY). Calculated
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Operating result improved
Operating result -224.8k NOK → +247.7k NOK (op. margin -54.2% → 37.4%). Calculated
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Turned profitable
Net result flipped from a loss of 189.0k NOK to a profit of 136.9k NOK. Calculated
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Cash rose
Bank deposits 115.3k NOK → 730.6k NOK (+533.7% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.29× → 1.92×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 9.43m NOK → 571.2k NOK (equity ratio 633.7% → 41.0%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 6.43m NOK → 434.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 5 495 NOK → 11.6k NOK (+111.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 750.0k NOK → 120.0k NOK. Reported fact