FirmaIQ
Org.nr 915 965 091 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET TORSTRUP AS: årsregnskap 2020 vs 2019

Shrank 27% on revenue, weaker earnings, fresh owner capital

approved 2021-04-22; registry 2021-05-03; journal 2021 250486

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET TORSTRUP AS. Revenue 32.92m NOK → 24.19m NOK (-26.5%). Net result +6.92m NOK → +2.30m NOK. Equity 7.44m NOK → 5.77m NOK.

On the constructive side: cash rose; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
32.92m NOK 24.19m NOK
-26.5%
Operating result
+8.97m NOK +3.05m NOK
-66.0%
Net result
+6.92m NOK +2.30m NOK
-66.8%
Equity
7.44m NOK 5.77m NOK
-22.5%
Cash
1.50m NOK 3.88m NOK
+159.5%
Total assets
17.38m NOK 12.48m NOK
-28.2%

What improved

  • ↑

    Cash rose

    Bank deposits 1.50m NOK → 3.88m NOK (+159.5% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 170 NOK → 155.0k NOK (+154.8k NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 16.50m NOK → 15.12m NOK (50% → 63% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 32.92m NOK to 24.19m NOK (-26.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +8.97m NOK → +3.05m NOK (op. margin 27.3% → 12.6%). Calculated

  • ↓

    Net result weakened

    Net result +6.92m NOK → +2.30m NOK (net margin 21.0% → 9.5%). Calculated

  • ↓

    Equity eroded

    Book equity 7.44m NOK → 5.77m NOK (equity ratio 42.8% → 46.2%). Calculated