ADVOKATFIRMAET HUSAAS AS: årsregnskap 2020 vs 2019
Shrank 97% on revenue, slipped into loss
approved 2021-04-29; registry 2021-06-03; journal 2021 253802
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HUSAAS AS. Revenue 1.39m NOK → 43.7k NOK (-96.9%). Net result +305.9k NOK → -103.6k NOK. Equity 667.4k NOK → 563.8k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.07× → 56.43×. Calculated
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↑
Payroll decreased
Salary cost 687.2k NOK → 126.6k NOK (49% → 290% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.39m NOK to 43.7k NOK (-96.9% YoY). Calculated
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↓
Operating result weakened
Operating result +397.5k NOK → -138.2k NOK (op. margin 28.5% → -316.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 305.9k NOK profit to a loss of 103.6k NOK. Calculated
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↓
Equity eroded
Book equity 667.4k NOK → 563.8k NOK (equity ratio 2682.9% → 98.4%). Calculated
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↓
Cash fell
Bank deposits 689.8k NOK → 477.1k NOK (-30.8% YoY). Calculated