FirmaIQ
Org.nr 987 597 348 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET ØRAKER AS: årsregnskap 2020 vs 2019

Stronger earnings

approved 2021-02-09; registry 2021-02-11; journal 2021 115721

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET ØRAKER AS. Revenue 4.77m NOK → 4.84m NOK (+1.5%). Net result +549.1k NOK → +697.6k NOK. Equity 629.2k NOK → 438.8k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
4.77m NOK 4.84m NOK
+1.5%
Operating result
+704.6k NOK +893.2k NOK
+26.8%
Net result
+549.1k NOK +697.6k NOK
+27.0%
Equity
629.2k NOK 438.8k NOK
-30.3%
Cash
445.6k NOK 418.1k NOK
-6.2%
Total assets
2.27m NOK 2.20m NOK
-3.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.77m NOK to 4.84m NOK (+1.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +704.6k NOK → +893.2k NOK (op. margin 14.8% → 18.5%). Calculated

  • ↑

    Net result improved

    Net result +549.1k NOK → +697.6k NOK (net margin 11.5% → 14.4%). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.17m NOK → 3.04m NOK (66% → 63% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 629.2k NOK → 438.8k NOK (equity ratio 27.7% → 19.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 445.6k NOK → 418.1k NOK (-6.2% YoY). Calculated