ADVOKATFIRMAET MORTEN PERSEN AS: årsregnskap 2020 vs 2019
Grew 309% on revenue, stronger earnings
approved 2021-04-29; registry 2021-05-03; journal 2021 251070
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET MORTEN PERSEN AS. Revenue 421.4k NOK → 1.72m NOK (+308.6%). Net result +109.4k NOK → +428.6k NOK. Equity 393.2k NOK → 821.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 421.4k NOK to 1.72m NOK (+308.6% YoY). Calculated
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Operating result improved
Operating result +145.5k NOK → +549.0k NOK (op. margin 34.5% → 31.9%). Calculated
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Net result improved
Net result +109.4k NOK → +428.6k NOK (net margin 26.0% → 24.9%). Calculated
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Equity strengthened
Book equity 393.2k NOK → 821.8k NOK (equity ratio 48.1% → 196.9%). Calculated
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Payroll decreased
Salary cost 823.2k NOK → 633.0k NOK (195% → 37% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 673.9k NOK → 670.5k NOK (-0.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.80× → 0.63× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated