Org.nr 991 237 003 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET SLOTTERØY AS: årsregnskap 2020 vs 2019

Shrank 14% on revenue

approved 2021-04-26; registry 2021-04-28; journal 2021 236597

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET SLOTTERØY AS. Revenue 2.06m NOK → 1.78m NOK (-13.6%). Net result +777.4k NOK → +878.0k NOK. Equity 2.93m NOK → 3.53m NOK.

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

Net tougher year on the published lines.

Scorecard

Revenue
2.06m NOK 1.78m NOK
-13.6%
Operating result
+717.9k NOK +562.7k NOK
-21.6%
Net result
+777.4k NOK +878.0k NOK
+12.9%
Equity
2.93m NOK 3.53m NOK
+20.6%
Cash
1.27m NOK 932.4k NOK
-26.5%
Total assets
3.32m NOK 6.40m NOK
+93.0%

What improved

  • ↑

    Net result improved

    Net result +777.4k NOK → +878.0k NOK (net margin 37.7% → 49.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.93m NOK → 3.53m NOK (equity ratio 88.3% → 55.2%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.06m NOK to 1.78m NOK (-13.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +717.9k NOK → +562.7k NOK (op. margin 34.8% → 31.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.27m NOK → 932.4k NOK (-26.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 764.8k NOK → 816.9k NOK (37% → 46% of revenue). Calculated