ADVOKATFIRMAET LEX AS: årsregnskap 2020 vs 2019
Shrank 95% on revenue, slipped into loss, cash halved-plus
approved 2021-04-30; registry 2021-05-03; journal 2021 256796
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET LEX AS. Revenue 3.91m NOK → 194.7k NOK (-95.0%). Net result +1.34m NOK → -159.8k NOK. Equity 868.5k NOK → 1.71m NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATFIRMAET LEX AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 868.5k NOK → 1.71m NOK (equity ratio 32.4% → 98.9%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.71× → 84.00×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.91m NOK to 194.7k NOK (-95.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +1.67m NOK → -237.4k NOK (op. margin 42.7% → -121.9%). Calculated
-
↓
Fell into a net loss
Net result flipped from 1.34m NOK profit to a loss of 159.8k NOK. Calculated
-
↓
Cash fell
Bank deposits 8.83m NOK → 8 NOK (-100.0% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.31m NOK → 2.12m NOK (33% → 1087% of revenue). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (8.83m NOK → 8 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation