FirmaIQ
Org.nr 989 523 716 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET MIDTHJELL AS: årsregnskap 2020 vs 2019

Shrank 82% on revenue, slipped into loss

approved 2021-04-29; registry 2021-07-01; journal 2021 506177

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET MIDTHJELL AS. Revenue 7.72m NOK → 1.42m NOK (-81.6%). Net result +2.98m NOK → -1.51m NOK. Equity 41.82m NOK → 40.31m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET MIDTHJELL AS.

At a glance

Scorecard

Revenue
7.72m NOK 1.42m NOK
-81.6%
Operating result
+3.60m NOK -1.68m NOK
-146.7%
Net result
+2.98m NOK -1.51m NOK
-150.6%
Equity
41.82m NOK 40.31m NOK
-3.6%
Total assets
43.33m NOK 40.49m NOK
-6.6%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 7.72m NOK to 1.42m NOK (-81.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.60m NOK → -1.68m NOK (op. margin 46.6% → -117.9%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 2.98m NOK profit to a loss of 1.51m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 41.82m NOK → 40.31m NOK (equity ratio 96.5% → 99.5%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 4 NOK → 4.94m NOK (0% → 347% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 403 NOK → 8 962 NOK. Reported fact