ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS: årsregnskap 2020 vs 2019
Grew 9% on revenue, weaker earnings
approved 2021-02-10; registry 2021-05-03; journal 2021 254276
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS. Revenue 8.41m NOK → 9.13m NOK (+8.5%). Net result +920.5k NOK → +503.3k NOK. Equity 350.5k NOK → 953.8k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.41m NOK to 9.13m NOK (+8.5% YoY). Calculated
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↑
Operating result improved
Operating result +1 181 NOK → +1.93m NOK (op. margin 0.0% → 21.2%). Calculated
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↑
Equity strengthened
Book equity 350.5k NOK → 953.8k NOK (equity ratio 12.6% → 24.7%). Calculated
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↑
Cash rose
Bank deposits 424.2k NOK → 2.45m NOK (+476.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 5.64m NOK → 5.58m NOK (67% → 61% of revenue). Calculated
What deteriorated
-
↓
Net result weakened
Net result +920.5k NOK → +503.3k NOK (net margin 10.9% → 5.5%). Calculated