FirmaIQ
Org.nr 986 552 073 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET SGB AS: årsregnskap 2020 vs 2019

Grew 14% on revenue, stronger earnings, cash halved-plus

approved 2021-04-22; registry 2021-04-28; journal 2021 234463

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET SGB AS. Revenue 36.32m NOK → 41.35m NOK (+13.9%). Net result +10.63m NOK → +16.55m NOK. Equity 5.73m NOK → 9.23m NOK.

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

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET SGB AS.

At a glance

Scorecard

Revenue
36.32m NOK 41.35m NOK
+13.9%
Operating result
+10.78m NOK +16.66m NOK
+54.5%
Net result
+10.63m NOK +16.55m NOK
+55.6%
Equity
5.73m NOK 9.23m NOK
+61.1%
Cash
685.7k NOK 270.1k NOK
-60.6%
Total assets
10.68m NOK 20.50m NOK
+92.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 36.32m NOK to 41.35m NOK (+13.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +10.78m NOK → +16.66m NOK (op. margin 29.7% → 40.3%). Calculated

  • ↑

    Net result improved

    Net result +10.63m NOK → +16.55m NOK (net margin 29.3% → 40.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 5.73m NOK → 9.23m NOK (equity ratio 53.7% → 45.0%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.14× → 1.80×. Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 685.7k NOK → 270.1k NOK (-60.6% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 14.42m NOK → 14.98m NOK (40% → 36% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 2.71m NOK → 2.53m NOK (-6.5% YoY). Calculated