ADVOKATFIRMAET KOLDEN OG RINGERUD AS: årsregnskap 2020 vs 2019
Grew 231% on revenue, returned to profit
approved 2021-04-29; registry 2021-05-05; journal 2021 263569
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET KOLDEN OG RINGERUD AS. Revenue 1.06m NOK → 3.51m NOK (+230.5%). Net result -138.4k NOK → +771.0k NOK. Equity 352.0k NOK → 173.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET KOLDEN OG RINGERUD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.06m NOK to 3.51m NOK (+230.5% YoY). Calculated
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↑
Operating result improved
Operating result -141.5k NOK → +957.5k NOK (op. margin -13.3% → 27.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 138.4k NOK to a profit of 771.0k NOK. Calculated
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↑
Cash rose
Bank deposits 320.1k NOK → 860.6k NOK (+168.8% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 352.0k NOK → 173.1k NOK (equity ratio 13.7% → 4.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 15.9k NOK → 63.8k NOK (+301.3% YoY). Calculated