FirmaIQ
Org.nr 988 409 618 2020 → 2021 Year-over-year analysis

ADVOKAT OLE-PETTER G HOFF AS: årsregnskap 2021 vs 2020

Grew 11% on revenue, stronger earnings

approved 2022-04-28; registry 2022-05-02; journal 2022 240111

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKAT OLE-PETTER G HOFF AS. Revenue 5.37m NOK → 5.95m NOK (+10.7%). Net result +1.91m NOK → +2.35m NOK. Equity 9.26m NOK → 10.62m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKAT OLE-PETTER G HOFF AS.

At a glance

Scorecard

Revenue
5.37m NOK 5.95m NOK
+10.7%
Operating result
+2.42m NOK +3.02m NOK
+25.1%
Net result
+1.91m NOK +2.35m NOK
+23.5%
Equity
9.26m NOK 10.62m NOK
+14.6%
Cash
6.78m NOK 8.30m NOK
+22.4%
Total assets
10.73m NOK 12.05m NOK
+12.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.37m NOK to 5.95m NOK (+10.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2.42m NOK → +3.02m NOK (op. margin 45.0% → 50.8%). Calculated

  • ↑

    Net result improved

    Net result +1.91m NOK → +2.35m NOK (net margin 35.5% → 39.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 9.26m NOK → 10.62m NOK (equity ratio 86.3% → 88.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 6.78m NOK → 8.30m NOK (+22.4% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.91m NOK → 1.92m NOK (36% → 32% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 22.3k NOK → 47.9k NOK (+115.1% YoY). Calculated