ADVOKATFIRMAET SCHJØDT AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, stronger earnings
approved 2021-05-11; registry 2021-06-10; journal 2021 411248
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET SCHJØDT AS. Revenue 1.06bn NOK → 319 NOK (-100.0%). Net result +5.60m NOK → +855.00m NOK. Equity 855.8k NOK → 18.64m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMAET SCHJØDT AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +5.60m NOK → +855.00m NOK (net margin 0.5% → 268025548.0%). Calculated
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Equity strengthened
Book equity 855.8k NOK → 18.64m NOK (equity ratio 9.5% → 8.0%). Calculated
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Cash rose
Bank deposits 1.24m NOK → 50.43m NOK (+3982.1% YoY). Calculated
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Payroll decreased
Salary cost 93.23m NOK → 15 NOK (9% → 5% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.06bn NOK to 319 NOK (-100.0% YoY). Calculated
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Operating result weakened
Operating result +713.44m NOK → +176 NOK (op. margin 67.1% → 55.2%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 10.74m NOK → 868.0k NOK — check capital reduction, conversion, or reclassification. Interpretation