ADVOKATFIRMAET VAGHEFI AS: årsregnskap 2020 vs 2019
Grew 1118% on revenue, slipped into loss
approved 2021-03-11; registry 2021-03-15; journal 2021 150779
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET VAGHEFI AS. Revenue 82.0k NOK → 998.8k NOK (+1117.6%). Net result +232.7k NOK → -51.1k NOK. Equity 760.0k NOK → 588.9k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET VAGHEFI AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 82.0k NOK to 998.8k NOK (+1117.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.08× → 3.62×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +296.8k NOK → -42.0k NOK (op. margin 361.8% → -4.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 232.7k NOK profit to a loss of 51.1k NOK. Calculated
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↓
Equity eroded
Book equity 760.0k NOK → 588.9k NOK (equity ratio 1981.7% → 73.0%). Calculated
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↓
Cash fell
Bank deposits 630.7k NOK → 550.3k NOK (-12.8% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 280.4k NOK → 160.4k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 519.5k NOK → 649.0k NOK (633% → 65% of revenue). Calculated