FirmaIQ
Org.nr 971 510 684 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET PEDERSEN, REIER & CO AS: årsregnskap 2020 vs 2019

Grew 13% on revenue, weaker earnings

approved 2021-04-19; registry 2021-04-26; journal 2021 224102

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET PEDERSEN, REIER & CO AS. Revenue 9.23m NOK → 10.40m NOK (+12.7%). Net result +776.7k NOK → +566.1k NOK. Equity 1.52m NOK → 1.96m NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET PEDERSEN, REIER & CO AS.

At a glance

Scorecard

Revenue
9.23m NOK 10.40m NOK
+12.7%
Operating result
+1.00m NOK +2.01m NOK
+100.2%
Net result
+776.7k NOK +566.1k NOK
-27.1%
Equity
1.52m NOK 1.96m NOK
+29.1%
Cash
2.17m NOK 3.74m NOK
+72.4%
Total assets
4.52m NOK 6.40m NOK
+41.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.23m NOK to 10.40m NOK (+12.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.00m NOK → +2.01m NOK (op. margin 10.9% → 19.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.52m NOK → 1.96m NOK (equity ratio 33.5% → 30.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.17m NOK → 3.74m NOK (+72.4% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +776.7k NOK → +566.1k NOK (net margin 8.4% → 5.4%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 6.05m NOK → 6.17m NOK (66% → 59% of revenue). Calculated