ADVOKAT HANNE WESCHE AS: årsregnskap 2020 vs 2019
Grew 22% on revenue, stronger earnings
approved 2021-04-26; registry 2021-04-29; journal 2021 241612
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT HANNE WESCHE AS. Revenue 2.22m NOK → 2.70m NOK (+21.8%). Net result +499.8k NOK → +687.3k NOK. Equity 2.24m NOK → 2.93m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADVOKAT HANNE WESCHE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.22m NOK to 2.70m NOK (+21.8% YoY). Calculated
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Operating result improved
Operating result +630.3k NOK → +766.9k NOK (op. margin 28.4% → 28.4%). Calculated
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Net result improved
Net result +499.8k NOK → +687.3k NOK (net margin 22.6% → 25.5%). Calculated
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Equity strengthened
Book equity 2.24m NOK → 2.93m NOK (equity ratio 68.8% → 57.1%). Calculated
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Cash rose
Bank deposits 1.94m NOK → 3.42m NOK (+76.2% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.04m NOK → 1.18m NOK (47% → 44% of revenue). Calculated
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COGS moved
COGS / varekostnad 15.2k NOK → 47.1k NOK (+209.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 9 783 NOK → 1.08bn NOK. Reported fact