FirmaIQ
Org.nr 992 533 056 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET CARL-CHRISTIAN GRYTHE HOFF AS: årsregnskap 2020 vs 2019

Shrank 14% on revenue, cash halved-plus

approved 2021-04-30; registry 2021-05-03; journal 2021 256696

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET CARL-CHRISTIAN GRYTHE HOFF AS. Revenue 3.07m NOK → 2.64m NOK (-14.1%). Net result +946.2k NOK → +827.3k NOK. Equity 9.31m NOK → 2.14m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATFIRMAET CARL-CHRISTIAN GRYTHE HOFF AS.

At a glance

Scorecard

Revenue
3.07m NOK 2.64m NOK
-14.1%
Operating result
+1.13m NOK n/m
—
Net result
+946.2k NOK +827.3k NOK
-12.6%
Equity
9.31m NOK 2.14m NOK
-77.0%
Cash
9.21m NOK 1.87m NOK
-79.7%
Total assets
10.19m NOK 2.91m NOK
-71.4%

What improved

  • ↑

    Payroll decreased

    Salary cost 1.37m NOK → 1.31m NOK (45% → 50% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.07m NOK to 2.64m NOK (-14.1% YoY). Calculated

  • ↓

    Net result weakened

    Net result +946.2k NOK → +827.3k NOK (net margin 30.8% → 31.4%). Calculated

  • ↓

    Equity eroded

    Book equity 9.31m NOK → 2.14m NOK (equity ratio 91.4% → 73.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 9.21m NOK → 1.87m NOK (-79.7% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (9.21m NOK → 1.87m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation