ADVOKATFIRMAET LARSEN & CO KONTORDRIFT AS: årsregnskap 2020 vs 2019
Weaker earnings, cash halved-plus, fresh owner capital
approved 2021-03-22; registry 2021-03-29; journal 2021 175526
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET LARSEN & CO KONTORDRIFT AS. Revenue 10.32m NOK → 10.45m NOK (+1.2%). Net result +7.58m NOK → +550.3k NOK. Equity -402.1k NOK → 48.1k NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET LARSEN & CO KONTORDRIFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.32m NOK to 10.45m NOK (+1.2% YoY). Calculated
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↑
Equity strengthened
Book equity -402.1k NOK → 48.1k NOK (equity ratio -43.3% → 4.9%). Calculated
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↑
Owners injected capital
Paid-in equity rose 650 NOK → 550.0k NOK (+549.4k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +586.4k NOK → +551.5k NOK (op. margin 5.7% → 5.3%). Calculated
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↓
Net result weakened
Net result +7.58m NOK → +550.3k NOK (net margin 73.5% → 5.3%). Calculated
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↓
Cash fell
Bank deposits 633.1k NOK → 1 178 NOK (-99.8% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 5.57m NOK → 5.73m NOK (54% → 55% of revenue). Calculated