ADVOKATKOLLEGIUM AS: årsregnskap 2020 vs 2019
Another loss-making year
approved 2021-03-05; registry 2021-03-16; journal 2021 147889
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATKOLLEGIUM AS. Revenue 3.22m NOK → 3.25m NOK (+1.1%). Net result -38.4k NOK → -31.1k NOK. Equity -98.9k NOK → -130.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATKOLLEGIUM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.22m NOK to 3.25m NOK (+1.1% YoY). Calculated
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↑
Operating result improved
Operating result -38.5k NOK → -31.2k NOK (op. margin -1.2% → -1.0%). Calculated
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Net result improved
Net result -38.4k NOK → -31.1k NOK (net margin -1.2% → -1.0%). Calculated
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Cash rose
Bank deposits 124.7k NOK → 276.9k NOK (+121.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.05m NOK → 2.01m NOK (64% → 62% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -98.9k NOK → -130.0k NOK (equity ratio -31.3% → -38.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -38.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation