FirmaIQ
Org.nr 988 375 616 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET STANGELAND AS: årsregnskap 2020 vs 2019

Shrank 28% on revenue, slipped into loss

approved 2021-04-23; registry 2021-05-01; journal 2021 244033

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET STANGELAND AS. Revenue 1.51m NOK → 1.10m NOK (-27.6%). Net result +132.1k NOK → -61.3k NOK. Equity 1.48m NOK → 1.42m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
1.51m NOK 1.10m NOK
-27.6%
Operating result
+165.6k NOK -79.5k NOK
-148.0%
Net result
+132.1k NOK -61.3k NOK
-146.4%
Equity
1.48m NOK 1.42m NOK
-4.1%
Cash
1.32m NOK 1.11m NOK
-15.6%
Total assets
1.74m NOK 1.58m NOK
-9.3%

What improved

  • ↑

    Payroll decreased

    Salary cost 850.3k NOK → 651.4k NOK (56% → 59% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.51m NOK to 1.10m NOK (-27.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +165.6k NOK → -79.5k NOK (op. margin 10.9% → -7.2%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 132.1k NOK profit to a loss of 61.3k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.48m NOK → 1.42m NOK (equity ratio 85.0% → 89.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.32m NOK → 1.11m NOK (-15.6% YoY). Calculated