FirmaIQ
Org.nr 888 440 992 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET HTD AS: årsregnskap 2020 vs 2019

Shrank 12% on revenue, weaker earnings

approved 2021-04-19; registry 2021-04-24; journal 2021 220156

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HTD AS. Revenue 1.35m NOK → 1.19m NOK (-12.4%). Net result +302.4k NOK → +213.0k NOK. Equity 969.3k NOK → 12.98m NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
1.35m NOK 1.19m NOK
-12.4%
Operating result
+386.2k NOK +271.3k NOK
-29.8%
Net result
+302.4k NOK +213.0k NOK
-29.6%
Equity
969.3k NOK 12.98m NOK
+1239.4%
Cash
66.1k NOK 367.6k NOK
+455.8%
Total assets
1.53m NOK 1.45m NOK
-5.3%

What improved

  • ↑

    Equity strengthened

    Book equity 969.3k NOK → 12.98m NOK (equity ratio 63.4% → 896.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 66.1k NOK → 367.6k NOK (+455.8% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3722.02bn NOK → 2 NOK (274784651% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.35m NOK to 1.19m NOK (-12.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +386.2k NOK → +271.3k NOK (op. margin 28.5% → 22.9%). Calculated

  • ↓

    Net result weakened

    Net result +302.4k NOK → +213.0k NOK (net margin 22.3% → 17.9%). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 344 NOK → 14.4k NOK (+4094.8% YoY). Calculated