FirmaIQ
Org.nr 991 556 664 2019 → 2020 Year-over-year analysis

ADVOKATENE HOVDE MNA AS: årsregnskap 2020 vs 2019

Shrank 10% on revenue, stronger earnings, cash halved-plus

approved 2021-04-19; registry 2021-04-21; journal 2021 215462

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATENE HOVDE MNA AS. Revenue 4.33m NOK → 3.88m NOK (-10.3%). Net result +479.3k NOK → +607.0k NOK. Equity 1.31m NOK → 1.52m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
4.33m NOK 3.88m NOK
-10.3%
Operating result
+590.3k NOK +760.4k NOK
+28.8%
Net result
+479.3k NOK +607.0k NOK
+26.7%
Equity
1.31m NOK 1.52m NOK
+15.7%
Cash
595.6k NOK 63.7k NOK
-89.3%
Total assets
2.69m NOK 2.76m NOK
+2.8%

What improved

  • ↑

    Operating result improved

    Operating result +590.3k NOK → +760.4k NOK (op. margin 13.6% → 19.6%). Calculated

  • ↑

    Net result improved

    Net result +479.3k NOK → +607.0k NOK (net margin 11.1% → 15.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.31m NOK → 1.52m NOK (equity ratio 48.9% → 55.1%). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.71m NOK → 2.10m NOK (63% → 54% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.33m NOK to 3.88m NOK (-10.3% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 595.6k NOK → 63.7k NOK (-89.3% YoY). Calculated