FirmaIQ
Org.nr 925 498 955 2020 → 2021 Year-over-year analysis

ADVOKAT ERLING HØYTE AS: årsregnskap 2021 vs 2020

Grew 296001% on revenue, stronger earnings, cash halved-plus

approved 2022-02-11; registry 2022-03-17; journal 2022 150611

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKAT ERLING HØYTE AS. Revenue 1 620 NOK → 4.80m NOK (+296000.9%). Net result +1 074 NOK → +2.54m NOK. Equity 1.10m NOK → 3.12m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT ERLING HØYTE AS.

At a glance

Scorecard

Revenue
1 620 NOK 4.80m NOK
+296000.9%
Operating result
+1 377 NOK +3.27m NOK
+237313.9%
Net result
+1 074 NOK +2.54m NOK
+236226.4%
Equity
1.10m NOK 3.12m NOK
+182.8%
Cash
994.5k NOK 234.8k NOK
-76.4%
Total assets
1.65m NOK 4.28m NOK
+159.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 620 NOK to 4.80m NOK (+296000.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1 377 NOK → +3.27m NOK (op. margin 85.0% → 68.2%). Calculated

  • ↑

    Net result improved

    Net result +1 074 NOK → +2.54m NOK (net margin 66.3% → 52.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.10m NOK → 3.12m NOK (equity ratio 66.9% → 73.0%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 994.5k NOK → 234.8k NOK (-76.4% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 4 919 NOK → 914.8k NOK (304% → 19% of revenue). Calculated