ADVOKATFIRMAET KARLSEN AS: årsregnskap 2020 vs 2019
Grew 5% on revenue, weaker earnings
approved 2021-04-30; registry 2021-05-25; journal 2021 320931
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET KARLSEN AS. Revenue 2.30m NOK → 2.43m NOK (+5.3%). Net result +578.3k NOK → +262.0k NOK. Equity 921.7k NOK → 83.8k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET KARLSEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.30m NOK to 2.43m NOK (+5.3% YoY). Calculated
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Cash rose
Bank deposits 30.4k NOK → 70.2k NOK (+131.2% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.43× → 2.02×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +745.2k NOK → +514.5k NOK (op. margin 32.4% → 21.2%). Calculated
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↓
Net result weakened
Net result +578.3k NOK → +262.0k NOK (net margin 25.1% → 10.8%). Calculated
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Equity eroded
Book equity 921.7k NOK → 83.8k NOK (equity ratio 178.7% → 3.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 991.6k NOK → 1.01m NOK (43% → 42% of revenue). Calculated
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COGS moved
COGS / varekostnad 28.8k NOK → 183.1k NOK (+536.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 239 NOK → 114.0k NOK. Reported fact