FirmaIQ
Org.nr 993 596 124 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET VINJE AS: årsregnskap 2020 vs 2019

Grew 45% on revenue, weaker earnings

approved 2021-01-25; registry 2021-05-01; journal 2021 245199

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET VINJE AS. Revenue 2.14m NOK → 3.09m NOK (+44.8%). Net result +461.6k NOK → +328.1k NOK. Equity 3.73m NOK → 5.06m NOK.

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

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET VINJE AS.

At a glance

Scorecard

Revenue
2.14m NOK 3.09m NOK
+44.8%
Operating result
+751.4k NOK +833.3k NOK
+10.9%
Net result
+461.6k NOK +328.1k NOK
-28.9%
Equity
3.73m NOK 5.06m NOK
+35.6%
Cash
44.1k NOK 899.7k NOK
+1939.2%
Total assets
8.01m NOK 9.20m NOK
+14.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.14m NOK to 3.09m NOK (+44.8% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +751.4k NOK → +833.3k NOK (op. margin 35.2% → 26.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.73m NOK → 5.06m NOK (equity ratio 46.6% → 55.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 44.1k NOK → 899.7k NOK (+1939.2% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +461.6k NOK → +328.1k NOK (net margin 21.6% → 10.6%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2 NOK → 763.3k NOK (0% → 25% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 3 709 NOK → 14.1k NOK. Reported fact