ADVOKATFIRMAET KIRKHOLM AS: årsregnskap 2020 vs 2019
Shrank 25% on revenue, slipped into loss
approved 2021-04-29; registry 2021-05-04; journal 2021 257312
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET KIRKHOLM AS. Revenue 3.35m NOK → 2.51m NOK (-25.1%). Net result +26.3k NOK → -246.2k NOK. Equity 183.8k NOK → 12 NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET KIRKHOLM AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 92.2k NOK → 141.9k NOK (+53.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.35m NOK to 2.51m NOK (-25.1% YoY). Calculated
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↓
Operating result weakened
Operating result +101.9k NOK → -192.1k NOK (op. margin 3.0% → -7.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 26.3k NOK profit to a loss of 246.2k NOK. Calculated
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↓
Equity eroded
Book equity 183.8k NOK → 12 NOK (equity ratio 11.5% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 345.8k NOK → 99.5k NOK (-71.2% YoY). Calculated