ADVOKATFIRMAET NYHEIM AS: årsregnskap 2020 vs 2019
Shrank 66% on revenue, returned to profit, cash halved-plus
approved 2021-04-30; registry 2021-05-03; journal 2021 256328
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET NYHEIM AS. Revenue 868.9k NOK → 293.6k NOK (-66.2%). Net result -158.8k NOK → +116.1k NOK. Equity 9.33m NOK → 9.44m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET NYHEIM AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +172.5k NOK → +232.1k NOK (op. margin 19.9% → 79.1%). Calculated
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Turned profitable
Net result flipped from a loss of 158.8k NOK to a profit of 116.1k NOK. Calculated
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Equity strengthened
Book equity 9.33m NOK → 9.44m NOK (equity ratio 22.9% → 43.5%). Calculated
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Payroll decreased
Salary cost 518.9k NOK → 111.0k NOK (60% → 38% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 868.9k NOK to 293.6k NOK (-66.2% YoY). Calculated
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Cash fell
Bank deposits 26.53m NOK → 7.10m NOK (-73.2% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (26.53m NOK → 7.10m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 183.1k NOK → 533.1k NOK. Reported fact