ADVOKATFIRMAET LÆRUM, LIER, STENDE & BERVEN AS: årsregnskap 2020 vs 2019
Stronger earnings
approved 2021-03-03; registry 2021-04-28; journal 2021 234491
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET LÆRUM, LIER, STENDE & BERVEN AS. Revenue 15.24m NOK → 15.82m NOK (+3.8%). Net result +1.12m NOK → +5.77m NOK. Equity 135.9k NOK → 110.8k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET LÆRUM, LIER, STENDE & BERVEN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 15.24m NOK to 15.82m NOK (+3.8% YoY). Calculated
-
↑
Net result improved
Net result +1.12m NOK → +5.77m NOK (net margin 7.4% → 36.5%). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +1.45m NOK → +996.7k NOK (op. margin 9.5% → 6.3%). Calculated
-
↓
Equity eroded
Book equity 135.9k NOK → 110.8k NOK (equity ratio 2.8% → 2.7%). Calculated
-
↓
Cash fell
Bank deposits 2.72m NOK → 1.68m NOK (-38.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 10.79m NOK → 11.15m NOK (71% → 71% of revenue). Calculated