ADVOKATFIRMAET MELAND AS: årsregnskap 2020 vs 2019
Grew 17% on revenue, stronger earnings, cash halved-plus
approved 2021-05-07; registry 2021-05-29; journal 2021 339401
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET MELAND AS. Revenue 5.49m NOK → 6.44m NOK (+17.2%). Net result +183.8k NOK → +546.5k NOK. Equity 106.3k NOK → 1.32m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET MELAND AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.49m NOK to 6.44m NOK (+17.2% YoY). Calculated
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Operating result improved
Operating result +305.5k NOK → +802.7k NOK (op. margin 5.6% → 12.5%). Calculated
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Net result improved
Net result +183.8k NOK → +546.5k NOK (net margin 3.3% → 8.5%). Calculated
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Equity strengthened
Book equity 106.3k NOK → 1.32m NOK (equity ratio 1.1% → 21.8%). Calculated
What deteriorated
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Cash fell
Bank deposits 4.84m NOK → 569.0k NOK (-88.2% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.84m NOK → 569.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 3.09m NOK → 3.76m NOK (56% → 58% of revenue). Calculated
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COGS fell
COGS / varekostnad 569.0k NOK → 438.8k NOK (-22.9% YoY). Calculated