ADVOKATFIRMAET SMEDSRUD AS: årsregnskap 2020 vs 2019
Grew 9% on revenue, slipped into loss
approved 2021-04-28; registry 2021-05-03; journal 2021 250588
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET SMEDSRUD AS. Revenue 1.39m NOK → 1.51m NOK (+8.7%). Net result +16.8k NOK → -19.0k NOK. Equity 286.8k NOK → 267.8k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET SMEDSRUD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.39m NOK to 1.51m NOK (+8.7% YoY). Calculated
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↑
Cash rose
Bank deposits 23.5k NOK → 136.1k NOK (+479.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +43.8k NOK → -13.3k NOK (op. margin 3.2% → -0.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 16.8k NOK profit to a loss of 19.0k NOK. Calculated
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↓
Equity eroded
Book equity 286.8k NOK → 267.8k NOK (equity ratio 40.1% → 42.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 623.6k NOK → 874.2k NOK (45% → 58% of revenue). Calculated