FirmaIQ
Org.nr 812 015 362 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET STEINSVIK AS: årsregnskap 2020 vs 2019

Weaker earnings

approved 2021-04-26; registry 2021-05-01; journal 2021 243073

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET STEINSVIK AS. Revenue 4.14m NOK → 4.13m NOK (-0.3%). Net result +5.33m NOK → +599.7k NOK. Equity 974.0k NOK → 1.27m NOK.

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

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
4.14m NOK 4.13m NOK
-0.3%
Operating result
+435.2k NOK +774.4k NOK
+77.9%
Net result
+5.33m NOK +599.7k NOK
-88.7%
Equity
974.0k NOK 1.27m NOK
+30.8%
Cash
70.3k NOK 1.45m NOK
+1968.7%
Total assets
1.75m NOK 2.08m NOK
+19.0%

What improved

  • ↑

    Operating result improved

    Operating result +435.2k NOK → +774.4k NOK (op. margin 10.5% → 18.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 974.0k NOK → 1.27m NOK (equity ratio 55.7% → 61.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 70.3k NOK → 1.45m NOK (+1968.7% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.49m NOK → 2.42m NOK (60% → 59% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.14m NOK to 4.13m NOK (-0.3% YoY). Calculated

  • ↓

    Net result weakened

    Net result +5.33m NOK → +599.7k NOK (net margin 128.7% → 14.5%). Calculated