FirmaIQ
Org.nr 985 851 514 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET SIMONSEN VOGT WIIG TRONDHEIM AS: årsregnskap 2020 vs 2019

Grew 8% on revenue

approved 2021-04-16; registry 2021-04-24; journal 2021 222828

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET SIMONSEN VOGT WIIG TRONDHEIM AS. Revenue 65.31m NOK → 70.60m NOK (+8.1%). Net result +5 688 NOK → +2 314 NOK. Equity 238.4k NOK → 240.7k NOK.

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

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

At a glance

Scorecard

Revenue
65.31m NOK 70.60m NOK
+8.1%
Operating result
+33.63m NOK +38.47m NOK
+14.4%
Net result
+5 688 NOK +2 314 NOK
-59.3%
Equity
238.4k NOK 240.7k NOK
+1.0%
Cash
7.03m NOK 15.32m NOK
+118.0%
Total assets
28.49m NOK 35.42m NOK
+24.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 65.31m NOK to 70.60m NOK (+8.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +33.63m NOK → +38.47m NOK (op. margin 51.5% → 54.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 238.4k NOK → 240.7k NOK (equity ratio 0.8% → 0.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 7.03m NOK → 15.32m NOK (+118.0% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +5 688 NOK → +2 314 NOK (net margin 0.0% → 0.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 890.8k NOK → 950.8k NOK. Reported fact