FirmaIQ
Org.nr 992 833 424 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET HALVORSEN & CO AS: årsregnskap 2020 vs 2019

Grew 16% on revenue, stronger earnings

approved 2021-03-03; registry 2021-03-13; journal 2021 145420

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HALVORSEN & CO AS. Revenue 34.35m NOK → 40.02m NOK (+16.5%). Net result +1.56m NOK → +6.81m NOK. Equity 5.87m NOK → 10.48m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
34.35m NOK 40.02m NOK
+16.5%
Operating result
+2.25m NOK +8.96m NOK
+298.2%
Net result
+1.56m NOK +6.81m NOK
+338.2%
Equity
5.87m NOK 10.48m NOK
+78.7%
Cash
1.23m NOK 3.71m NOK
+202.5%
Total assets
18.07m NOK 21.53m NOK
+19.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 34.35m NOK to 40.02m NOK (+16.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +2.25m NOK → +8.96m NOK (op. margin 6.5% → 22.4%). Calculated

  • ↑

    Net result improved

    Net result +1.56m NOK → +6.81m NOK (net margin 4.5% → 17.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 5.87m NOK → 10.48m NOK (equity ratio 32.5% → 48.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.23m NOK → 3.71m NOK (+202.5% YoY). Calculated