FirmaIQ
Org.nr 989 972 413 2019 → 2020 Year-over-year analysis

ADVOKAT HARALD HEGGEN BRØRBY AS: årsregnskap 2020 vs 2019

Grew 25% on revenue, weaker earnings

approved 2021-04-21; registry 2021-04-26; journal 2021 230482

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT HARALD HEGGEN BRØRBY AS. Revenue 3.97m NOK → 4.94m NOK (+24.5%). Net result +937.8k NOK → +546.9k NOK. Equity 498.9k NOK → 345.8k NOK.

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

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKAT HARALD HEGGEN BRØRBY AS.

At a glance

Scorecard

Revenue
3.97m NOK 4.94m NOK
+24.5%
Operating result
+1.23m NOK +2.00m NOK
+62.5%
Net result
+937.8k NOK +546.9k NOK
-41.7%
Equity
498.9k NOK 345.8k NOK
-30.7%
Cash
669.1k NOK 2.85m NOK
+326.5%
Total assets
3.08m NOK 4.85m NOK
+57.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.97m NOK to 4.94m NOK (+24.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.23m NOK → +2.00m NOK (op. margin 31.1% → 40.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 669.1k NOK → 2.85m NOK (+326.5% YoY). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +937.8k NOK → +546.9k NOK (net margin 23.6% → 11.1%). Calculated

  • ↓

    Equity eroded

    Book equity 498.9k NOK → 345.8k NOK (equity ratio 16.2% → 7.1%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 7.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 1.64m NOK → 1.86m NOK (41% → 38% of revenue). Calculated