FirmaIQ
Org.nr 898 783 812 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET SIMONSEN VOGT WIIG AS: årsregnskap 2020 vs 2019

Stronger earnings

approved 2021-05-19; registry 2021-06-24; journal 2021 474593

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET SIMONSEN VOGT WIIG AS. Revenue 473.21m NOK → 478.31m NOK (+1.1%). Net result +13.57m NOK → +196.54m NOK. Equity 13.16bn NOK → 13.16bn NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET SIMONSEN VOGT WIIG AS.

At a glance

Scorecard

Revenue
473.21m NOK 478.31m NOK
+1.1%
Operating result
+182.11m NOK +196.21m NOK
+7.7%
Net result
+13.57m NOK +196.54m NOK
+1347.9%
Equity
13.16bn NOK 13.16bn NOK
-0.0%
Cash
57.19m NOK 62.95m NOK
+10.1%
Total assets
225.67m NOK 233.57m NOK
+3.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 473.21m NOK to 478.31m NOK (+1.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +182.11m NOK → +196.21m NOK (op. margin 38.5% → 41.0%). Calculated

  • ↑

    Net result improved

    Net result +13.57m NOK → +196.54m NOK (net margin 2.9% → 41.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 57.19m NOK → 62.95m NOK (+10.1% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.21bn NOK → 3.21bn NOK (679% → 670% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 13.16bn NOK → 13.16bn NOK (equity ratio 5832.2% → 5634.9%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 2.04m NOK → 1.86m NOK. Reported fact