ADVOKATFIRMAET OLDERMANN AS: årsregnskap 2020 vs 2019
Grew 14% on revenue, stronger earnings, cash halved-plus
approved 2021-04-08; registry 2021-05-03; journal 2021 247928
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET OLDERMANN AS. Revenue 3.62m NOK → 4.14m NOK (+14.4%). Net result +450.6k NOK → +840.0k NOK. Equity 257.5k NOK → 597.5k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET OLDERMANN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.62m NOK to 4.14m NOK (+14.4% YoY). Calculated
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↑
Net result improved
Net result +450.6k NOK → +840.0k NOK (net margin 12.5% → 20.3%). Calculated
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↑
Equity strengthened
Book equity 257.5k NOK → 597.5k NOK (equity ratio 61.3% → 31.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +578.4k NOK → +79.8k NOK (op. margin 16.0% → 1.9%). Calculated
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↓
Cash fell
Bank deposits 268.6k NOK → 47.8k NOK (-82.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.52m NOK → 1.69m NOK (42% → 41% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 74 NOK → 7 430 NOK (+9940.5% YoY). Calculated