FirmaIQ
Org.nr 916 797 524 2019 → 2020 Year-over-year analysis

ADVOKATHUSET VELAND OG THINGVOLD AS: årsregnskap 2020 vs 2019

Shrank 11% on revenue, returned to profit

approved 2021-04-28; registry 2021-05-03; journal 2021 250174

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATHUSET VELAND OG THINGVOLD AS. Revenue 5.97m NOK → 5.33m NOK (-10.6%). Net result -7 453 NOK → +50.6k NOK. Equity 1.07m NOK → 1.12m NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
5.97m NOK 5.33m NOK
-10.6%
Operating result
-6 319 NOK +50.5k NOK
+899.8%
Net result
-7 453 NOK +50.6k NOK
+779.0%
Equity
1.07m NOK 1.12m NOK
+4.7%
Cash
818.8k NOK 411.6k NOK
-49.7%
Total assets
2.49m NOK 2.63m NOK
+5.9%

What improved

  • ↑

    Operating result improved

    Operating result -6 319 NOK → +50.5k NOK (op. margin -0.1% → 0.9%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 7 453 NOK to a profit of 50.6k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 1.07m NOK → 1.12m NOK (equity ratio 42.9% → 42.4%). Calculated

  • ↑

    Payroll decreased

    Salary cost 4.04m NOK → 3.78m NOK (68% → 71% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.97m NOK to 5.33m NOK (-10.6% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 818.8k NOK → 411.6k NOK (-49.7% YoY). Calculated