FirmaIQ
Org.nr 987 902 248 2019 → 2020 Year-over-year analysis

ADVOKATFIRMA HOLTHE & CO AS: årsregnskap 2020 vs 2019

Grew 9% on revenue, stronger earnings

approved 2021-04-19; registry 2021-04-22; journal 2021 217917

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMA HOLTHE & CO AS. Revenue 4.00m NOK → 4.36m NOK (+9.0%). Net result +950.6k NOK → +1.26m NOK. Equity 2.01m NOK → 2.08m NOK.

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

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
4.00m NOK 4.36m NOK
+9.0%
Operating result
+1.17m NOK +1.60m NOK
+35.9%
Net result
+950.6k NOK +1.26m NOK
+32.9%
Equity
2.01m NOK 2.08m NOK
+3.2%
Cash
835.1k NOK 625.3k NOK
-25.1%
Total assets
3.53m NOK 3.22m NOK
-8.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.00m NOK to 4.36m NOK (+9.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.17m NOK → +1.60m NOK (op. margin 29.4% → 36.6%). Calculated

  • ↑

    Net result improved

    Net result +950.6k NOK → +1.26m NOK (net margin 23.8% → 29.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.01m NOK → 2.08m NOK (equity ratio 57.1% → 64.5%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.79m NOK → 1.51m NOK (45% → 35% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 835.1k NOK → 625.3k NOK (-25.1% YoY). Calculated