FirmaIQ
Org.nr 920 616 623 2020 → 2021 Year-over-year analysis

ADVOKATFIRMA HODNE AS: årsregnskap 2021 vs 2020

Grew 45% on revenue, weaker earnings

approved 2022-06-29; registry 2022-07-02; journal 2022 578250

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMA HODNE AS. Revenue 1.61m NOK → 2.33m NOK (+45.4%). Net result +701.2k NOK → +354.6k NOK. Equity 69.4k NOK → 924.0k NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA HODNE AS.

At a glance

Scorecard

Revenue
1.61m NOK 2.33m NOK
+45.4%
Operating result
+914.5k NOK +494.5k NOK
-45.9%
Net result
+701.2k NOK +354.6k NOK
-49.4%
Equity
69.4k NOK 924.0k NOK
+1230.8%
Cash
942.1k NOK 747.4k NOK
-20.7%
Total assets
666.2k NOK 1.88m NOK
+181.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.61m NOK to 2.33m NOK (+45.4% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 69.4k NOK → 924.0k NOK (equity ratio 10.4% → 49.3%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +914.5k NOK → +494.5k NOK (op. margin 57.0% → 21.2%). Calculated

  • ↓

    Net result weakened

    Net result +701.2k NOK → +354.6k NOK (net margin 43.7% → 15.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 942.1k NOK → 747.4k NOK (-20.7% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 100.9k NOK → 281.1k NOK (6% → 12% of revenue). Calculated