FirmaIQ
Org.nr 992 841 958 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET MIDGAARD & CO AS: årsregnskap 2020 vs 2019

Returned to profit

approved 2021-04-30; registry 2021-05-03; journal 2021 255018

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET MIDGAARD & CO AS. Revenue 4.84m NOK → 4.87m NOK (+0.6%). Net result -326.2k NOK → +11.4k NOK. Equity 514.3k NOK → 925.7k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET MIDGAARD & CO AS.

At a glance

Scorecard

Revenue
4.84m NOK 4.87m NOK
+0.6%
Operating result
-340.9k NOK +164.4k NOK
+148.2%
Net result
-326.2k NOK +11.4k NOK
+103.5%
Equity
514.3k NOK 925.7k NOK
+80.0%
Cash
102.5k NOK 206.5k NOK
+101.5%
Total assets
1.88m NOK 2.54m NOK
+34.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.84m NOK to 4.87m NOK (+0.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -340.9k NOK → +164.4k NOK (op. margin -7.0% → 3.4%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 326.2k NOK to a profit of 11.4k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 514.3k NOK → 925.7k NOK (equity ratio 27.3% → 36.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 102.5k NOK → 206.5k NOK (+101.5% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 100 NOK → 184.4k NOK (+184270.0% YoY). Calculated