FirmaIQ
Org.nr 988 334 715 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET SAEME AS: årsregnskap 2020 vs 2019

Shrank 19% on revenue, weaker earnings

approved 2021-04-30; registry 2021-06-05; journal 2021 257274

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET SAEME AS. Revenue 12.45m NOK → 10.10m NOK (-18.9%). Net result +3.64m NOK → +2.87m NOK. Equity 30.13m NOK → 33.00m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET SAEME AS.

At a glance

Scorecard

Revenue
12.45m NOK 10.10m NOK
-18.9%
Operating result
+5.01m NOK +3.88m NOK
-22.6%
Net result
+3.64m NOK +2.87m NOK
-21.1%
Equity
30.13m NOK 33.00m NOK
+9.5%
Cash
8.79m NOK 5.09m NOK
-42.0%
Total assets
54.51m NOK 55.89m NOK
+2.5%

What improved

  • ↑

    Equity strengthened

    Book equity 30.13m NOK → 33.00m NOK (equity ratio 55.3% → 59.1%). Calculated

  • ↑

    Payroll decreased

    Salary cost 4.55m NOK → 3.75m NOK (37% → 37% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 12.45m NOK to 10.10m NOK (-18.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +5.01m NOK → +3.88m NOK (op. margin 40.2% → 38.4%). Calculated

  • ↓

    Net result weakened

    Net result +3.64m NOK → +2.87m NOK (net margin 29.2% → 28.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 8.79m NOK → 5.09m NOK (-42.0% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 637.6k NOK → 380.3k NOK (-40.4% YoY). Calculated