ADVOKATFIRMAET SYLTE AS: årsregnskap 2020 vs 2019
Shrank 21% on revenue, stronger earnings
registry 2021-05-03; journal 2021 252876
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET SYLTE AS. Revenue 19.65m NOK → 15.60m NOK (-20.6%). Net result +1.70m NOK → +2.35m NOK. Equity 14.00m NOK → 14.74m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET SYLTE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +2.12m NOK → +3.05m NOK (op. margin 10.8% → 19.5%). Calculated
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Net result improved
Net result +1.70m NOK → +2.35m NOK (net margin 8.7% → 15.1%). Calculated
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Equity strengthened
Book equity 14.00m NOK → 14.74m NOK (equity ratio 77.4% → 80.7%). Calculated
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Cash rose
Bank deposits 5.26m NOK → 5.43m NOK (+3.2% YoY). Calculated
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Payroll decreased
Salary cost 12.66m NOK → 8.58m NOK (64% → 55% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 19.65m NOK to 15.60m NOK (-20.6% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 614.6k NOK → 41.9k NOK (-93.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 7.83m NOK → 1 NOK. Reported fact