FirmaIQ
Org.nr 988 409 618 2019 → 2020 Year-over-year analysis

ADVOKAT OLE-PETTER G HOFF AS: årsregnskap 2020 vs 2019

A steady year on the published lines

approved 2021-04-30; registry 2021-05-03; journal 2021 256846

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKAT OLE-PETTER G HOFF AS. Revenue 5.63m NOK → 5.37m NOK (-4.6%). Net result +1.98m NOK → +1.91m NOK. Equity 12.36m NOK → 9.26m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT OLE-PETTER G HOFF AS.

At a glance

Scorecard

Revenue
5.63m NOK 5.37m NOK
-4.6%
Operating result
+2.46m NOK +2.42m NOK
-2.0%
Net result
+1.98m NOK +1.91m NOK
-3.5%
Equity
12.36m NOK 9.26m NOK
-25.0%
Cash
10.21m NOK 6.78m NOK
-33.6%
Total assets
13.76m NOK 10.73m NOK
-22.0%

What improved

  • ↑

    Payroll decreased

    Salary cost 2.11m NOK → 1.91m NOK (37% → 36% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.63m NOK to 5.37m NOK (-4.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +2.46m NOK → +2.42m NOK (op. margin 43.8% → 45.0%). Calculated

  • ↓

    Equity eroded

    Book equity 12.36m NOK → 9.26m NOK (equity ratio 89.8% → 86.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 10.21m NOK → 6.78m NOK (-33.6% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 66.7k NOK → 23.0k NOK. Reported fact