ADVOKAT HAUKEN AS: årsregnskap 2020 vs 2019
Grew 31% on revenue, returned to profit
approved 2021-04-20; registry 2021-04-24; journal 2021 221012
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT HAUKEN AS. Revenue 1.24m NOK → 1.62m NOK (+30.9%). Net result -100.6k NOK → +325.1k NOK. Equity 11.20m NOK → 12.52m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT HAUKEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.24m NOK to 1.62m NOK (+30.9% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 100.6k NOK to a profit of 325.1k NOK. Calculated
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↑
Equity strengthened
Book equity 11.20m NOK → 12.52m NOK (equity ratio 2342.0% → 1614.5%). Calculated
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↑
Cash rose
Bank deposits 146.8k NOK → 345.2k NOK (+135.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.03× → 2.94×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +100.91m NOK → +308.6k NOK (op. margin 8133.8% → 19.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 1.99m NOK (0% → 123% of revenue). Calculated