ADVOKATFIRMAET JØRSTAD AS: årsregnskap 2020 vs 2019
Grew 9% on revenue, slipped into loss
approved 2021-03-30; registry 2021-05-05; journal 2021 262811
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET JØRSTAD AS. Revenue 3.68m NOK → 4.01m NOK (+9.1%). Net result +158.9k NOK → -89.9k NOK. Equity 356.3k NOK → 266.3k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET JØRSTAD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.68m NOK to 4.01m NOK (+9.1% YoY). Calculated
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↑
Cash rose
Bank deposits 104.5k NOK → 135.5k NOK (+29.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +242.3k NOK → -69.0k NOK (op. margin 6.6% → -1.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 158.9k NOK profit to a loss of 89.9k NOK. Calculated
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↓
Equity eroded
Book equity 356.3k NOK → 266.3k NOK (equity ratio 26.2% → 15.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.40m NOK → 2.88m NOK (65% → 72% of revenue). Calculated