FirmaIQ
Org.nr 916 823 339 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET LEXIS AS: årsregnskap 2020 vs 2019

Shrank 17% on revenue, slipped into loss, cash halved-plus

approved 2021-04-30; registry 2021-05-03; journal 2021 256840

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET LEXIS AS. Revenue 9.07m NOK → 7.52m NOK (-17.2%). Net result +1.16m NOK → -107.2k NOK. Equity 2.30m NOK → 2.20m NOK.

On the constructive side: payroll decreased. 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 LEXIS AS.

At a glance

Scorecard

Revenue
9.07m NOK 7.52m NOK
-17.2%
Operating result
+1.52m NOK -157.1k NOK
-110.3%
Net result
+1.16m NOK -107.2k NOK
-109.3%
Equity
2.30m NOK 2.20m NOK
-4.7%
Cash
1.66m NOK 156.8k NOK
-90.6%
Total assets
4.27m NOK 2.68m NOK
-37.2%

What improved

  • ↑

    Payroll decreased

    Salary cost 427.0k NOK → 36.9k NOK (5% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 9.07m NOK to 7.52m NOK (-17.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.52m NOK → -157.1k NOK (op. margin 16.7% → -2.1%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 1.16m NOK profit to a loss of 107.2k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 2.30m NOK → 2.20m NOK (equity ratio 54.0% → 82.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.66m NOK → 156.8k NOK (-90.6% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.66m NOK → 156.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation