FirmaIQ
Org.nr 997 318 013 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET KVASSTIND AS: årsregnskap 2020 vs 2019

Grew 10% on revenue

approved 2021-04-06; registry 2021-04-22; journal 2021 217183

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET KVASSTIND AS. Revenue 7.73m NOK → 8.48m NOK (+9.8%). Net result +2.50m NOK → +2.87m NOK. Equity 1.69m NOK → 4.56m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET KVASSTIND AS.

At a glance

Scorecard

Revenue
7.73m NOK 8.48m NOK
+9.8%
Operating result
+3.18m NOK +3.68m NOK
+15.8%
Net result
+2.50m NOK +2.87m NOK
+14.9%
Equity
1.69m NOK 4.56m NOK
+170.4%
Cash
6.08m NOK 3.08m NOK
-49.3%
Total assets
8.44m NOK 6.44m NOK
-23.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 7.73m NOK to 8.48m NOK (+9.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3.18m NOK → +3.68m NOK (op. margin 41.1% → 43.4%). Calculated

  • ↑

    Net result improved

    Net result +2.50m NOK → +2.87m NOK (net margin 32.4% → 33.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.69m NOK → 4.56m NOK (equity ratio 20.0% → 70.9%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 6.08m NOK → 3.08m NOK (-49.3% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 3.67m NOK → 3.75m NOK (48% → 44% of revenue). Calculated