FirmaIQ
Org.nr 919 084 588 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET JOHANNESSEN AS: årsregnskap 2020 vs 2019

Stronger earnings

approved 2021-04-13; registry 2021-04-15; journal 2021 202221

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET JOHANNESSEN AS. Revenue 2.24m NOK → 2.34m NOK (+4.2%). Net result +278.9k NOK → +360.8k NOK. Equity 658.5k NOK → 19.3k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET JOHANNESSEN AS.

At a glance

Scorecard

Revenue
2.24m NOK 2.34m NOK
+4.2%
Operating result
+360.9k NOK +462.7k NOK
+28.2%
Net result
+278.9k NOK +360.8k NOK
+29.4%
Equity
658.5k NOK 19.3k NOK
-97.1%
Cash
1 168 NOK 1.31m NOK
+111945.5%
Total assets
1.96m NOK 2.33m NOK
+19.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.24m NOK to 2.34m NOK (+4.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +360.9k NOK → +462.7k NOK (op. margin 16.1% → 19.8%). Calculated

  • ↑

    Net result improved

    Net result +278.9k NOK → +360.8k NOK (net margin 12.4% → 15.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 1 168 NOK → 1.31m NOK (+111945.5% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 658.5k NOK → 19.3k NOK (equity ratio 33.7% → 0.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 1.45m NOK → 1.46m NOK (64% → 63% of revenue). Calculated