ADVOKATFIRMAET NAVJORD AS: årsregnskap 2020 vs 2019
Grew 9% on revenue, stronger earnings
approved 2021-04-29; registry 2021-05-03; journal 2021 250668
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET NAVJORD AS. Revenue 2.09m NOK → 2.27m NOK (+8.5%). Net result +97.7k NOK → +165.5k NOK. Equity 624.1k NOK → 744.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET NAVJORD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.09m NOK to 2.27m NOK (+8.5% YoY). Calculated
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Operating result improved
Operating result +195.7k NOK → +263.4k NOK (op. margin 9.4% → 11.6%). Calculated
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Net result improved
Net result +97.7k NOK → +165.5k NOK (net margin 4.7% → 7.3%). Calculated
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Equity strengthened
Book equity 624.1k NOK → 744.6k NOK (equity ratio 28.6% → 31.2%). Calculated
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Cash rose
Bank deposits 59.5k NOK → 79.2k NOK (+33.0% YoY). Calculated
What deteriorated
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Current ratio dropped below 1×
Current ratio 1.92× → 0.21× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 84.5k NOK → 45.2k NOK (-46.5% YoY). Calculated