ADVOKATSELSKAPET ANGELL AS: årsregnskap 2020 vs 2019
Returned to profit
registry 2021-04-12; journal 2021 193409
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATSELSKAPET ANGELL AS. Revenue 1.21m NOK → 1.22m NOK (+1.2%). Net result -112.8k NOK → +131.4k NOK. Equity 14 NOK → -10.5k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATSELSKAPET ANGELL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.21m NOK to 1.22m NOK (+1.2% YoY). Calculated
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Operating result improved
Operating result -112.7k NOK → +131.0k NOK (op. margin -9.3% → 10.7%). Calculated
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Turned profitable
Net result flipped from a loss of 112.8k NOK to a profit of 131.4k NOK. Calculated
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Payroll decreased
Salary cost 3.87m NOK → 2 NOK (320% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 14 NOK → -10.5k NOK (equity ratio 0.0% → -4.1%). Calculated
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↓
Cash fell
Bank deposits 118.2k NOK → 92.3k NOK (-21.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation