ADVOKAT HOVDA AS: årsregnskap 2020 vs 2019
Grew 3534% on revenue, stronger earnings
approved 2021-04-26; registry 2021-05-01; journal 2021 244287
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKAT HOVDA AS. Revenue 61.7k NOK → 2.24m NOK (+3534.4%). Net result +49.4k NOK → +573.4k NOK. Equity 72.8k NOK → 146.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 61.7k NOK to 2.24m NOK (+3534.4% YoY). Calculated
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Operating result improved
Operating result +61.4k NOK → +735.2k NOK (op. margin 99.6% → 32.8%). Calculated
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Net result improved
Net result +49.4k NOK → +573.4k NOK (net margin 80.0% → 25.6%). Calculated
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Equity strengthened
Book equity 72.8k NOK → 146.2k NOK (equity ratio 58.3% → 100.0%). Calculated
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Cash rose
Bank deposits 63.2k NOK → 493.0k NOK (+680.2% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 2.40× → 0.11× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated