FirmaIQ
Org.nr 920 616 623 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA HODNE AS: årsregnskap 2020 vs 2019

Grew 610% on revenue, stronger earnings

approved 2021-04-30; registry 2021-05-03; journal 2021 253678

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA HODNE AS. Revenue 226.2k NOK → 1.61m NOK (+609.7%). Net result +404.0k NOK → +701.2k NOK. Equity 368.3k NOK → 69.4k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
226.2k NOK 1.61m NOK
+609.7%
Operating result
+518.5k NOK +914.5k NOK
+76.4%
Net result
+404.0k NOK +701.2k NOK
+73.6%
Equity
368.3k NOK 69.4k NOK
-81.1%
Cash
247.7k NOK 942.1k NOK
+280.4%
Total assets
961.6k NOK 666.2k NOK
-30.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 226.2k NOK to 1.61m NOK (+609.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +518.5k NOK → +914.5k NOK (op. margin 229.2% → 57.0%). Calculated

  • ↑

    Net result improved

    Net result +404.0k NOK → +701.2k NOK (net margin 178.6% → 43.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 247.7k NOK → 942.1k NOK (+280.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 285.7k NOK → 100.9k NOK (126% → 6% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 368.3k NOK → 69.4k NOK (equity ratio 38.3% → 10.4%). Calculated