FirmaIQ
Org.nr 992 833 424 2018 → 2019 Year-over-year analysis

ADVOKATFIRMAET HALVORSEN & CO AS: årsregnskap 2019 vs 2018

Grew 19% on revenue, weaker earnings, fresh owner capital

approved 2020-02-11; registry 2020-02-29; journal 2020 222498

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET HALVORSEN & CO AS. Revenue 28.90m NOK → 34.35m NOK (+18.9%). Net result +2.21m NOK → +1.56m NOK. Equity 4.91m NOK → 5.87m NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET HALVORSEN & CO AS.

At a glance

Scorecard

Revenue
28.90m NOK 34.35m NOK
+18.9%
Operating result
+207.3k NOK +2.25m NOK
+985.3%
Net result
+2.21m NOK +1.56m NOK
-29.8%
Equity
4.91m NOK 5.87m NOK
+19.6%
Cash
1.12m NOK 1.23m NOK
+9.1%
Total assets
16.16m NOK 18.07m NOK
+11.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 28.90m NOK to 34.35m NOK (+18.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +207.3k NOK → +2.25m NOK (op. margin 0.7% → 6.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 4.91m NOK → 5.87m NOK (equity ratio 30.4% → 32.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.12m NOK → 1.23m NOK (+9.1% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.80m NOK → 2.80m NOK (+1.00m NOK). Reported fact

What deteriorated

  • ↓

    Net result weakened

    Net result +2.21m NOK → +1.56m NOK (net margin 7.7% → 4.5%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 18.03m NOK → 23.37m NOK (62% → 68% of revenue). Calculated