ADVOKATFIRMAET LÖVENÖRN AS: årsregnskap 2020 vs 2019
Grew 140% on revenue, stronger earnings
approved 2021-04-26; registry 2021-05-22; journal 2021 236921
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET LÖVENÖRN AS. Revenue 262.9k NOK → 632.1k NOK (+140.5%). Net result -352.5k NOK → -155.8k NOK. Equity 503.8k NOK → 8 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET LÖVENÖRN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 262.9k NOK to 632.1k NOK (+140.5% YoY). Calculated
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Operating result improved
Operating result -336.1k NOK → -145.7k NOK (op. margin -127.9% → -23.0%). Calculated
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Net result improved
Net result -352.5k NOK → -155.8k NOK (net margin -134.1% → -24.6%). Calculated
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Cash rose
Bank deposits 98.8k NOK → 164.7k NOK (+66.7% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 503.8k NOK → 8 NOK (equity ratio 59.7% → 0.0%). Calculated
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Current ratio dropped below 1×
Current ratio 2.29× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. 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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Paid-in equity reduced
Paid-in equity fell 387.6k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 154.5k NOK → 415.6k NOK (59% → 66% of revenue). Calculated