ADVOKATFIRMAET JEGERSBERG & CO AS: årsregnskap 2020 vs 2019
Shrank 40% on revenue, weaker earnings, cash halved-plus
approved 2021-07-29; registry 2021-08-21; journal 2021 655979
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET JEGERSBERG & CO AS. Revenue 414.5k NOK → 250.0k NOK (-39.7%). Net result -293.8k NOK → -485.5k NOK. Equity 5.45m NOK → 4.71m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET JEGERSBERG & CO AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 634.2k NOK → 580.8k NOK (153% → 232% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 414.5k NOK to 250.0k NOK (-39.7% YoY). Calculated
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↓
Operating result weakened
Operating result -384.6k NOK → -560.0k NOK (op. margin -92.8% → -224.0%). Calculated
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↓
Net result weakened
Net result -293.8k NOK → -485.5k NOK (net margin -70.9% → -194.2%). Calculated
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↓
Equity eroded
Book equity 5.45m NOK → 4.71m NOK (equity ratio 93.7% → 91.0%). Calculated
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↓
Cash fell
Bank deposits 4.26m NOK → 2.11m NOK (-50.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 12.0k NOK → 3.15m NOK. Reported fact