ADVOKATFIRMAET ØIVIND ØSTBERG AS: årsregnskap 2020 vs 2019
Shrank 41% on revenue, slipped into loss
approved 2021-04-29; registry 2021-05-03; journal 2021 257150
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET ØIVIND ØSTBERG AS. Revenue 3.02m NOK → 1.77m NOK (-41.3%). Net result +91.3k NOK → -44.8k NOK. Equity 511.6k NOK → 466.8k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Current ratio back above 1×
Current ratio 0.91× → 1.00×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.02m NOK to 1.77m NOK (-41.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +101.1k NOK → -70.8k NOK (op. margin 3.3% → -4.0%). Calculated
-
↓
Fell into a net loss
Net result flipped from 91.3k NOK profit to a loss of 44.8k NOK. Calculated
-
↓
Equity eroded
Book equity 511.6k NOK → 466.8k NOK (equity ratio 193.4% → 54.6%). Calculated
-
↓
Cash fell
Bank deposits 311.5k NOK → 190.0k NOK (-39.0% YoY). Calculated