FirmaIQ
Org.nr 920 902 936 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET HARTZ & CO AS: årsregnskap 2020 vs 2019

Grew 15% on revenue, stronger earnings

approved 2021-04-29; registry 2021-05-03; journal 2021 252670

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HARTZ & CO AS. Revenue 8.44m NOK → 9.72m NOK (+15.0%). Net result +1.31m NOK → +1.87m NOK. Equity 100 NOK → 771.6k NOK.

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

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

At a glance

Scorecard

Revenue
8.44m NOK 9.72m NOK
+15.0%
Operating result
+1.61m NOK +2.40m NOK
+48.8%
Net result
+1.31m NOK +1.87m NOK
+42.8%
Equity
100 NOK 771.6k NOK
+771479.0%
Cash
1 107 NOK 1.11m NOK
+100527.6%
Total assets
3.48m NOK 4.10m NOK
+17.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 8.44m NOK to 9.72m NOK (+15.0% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.61m NOK → +2.40m NOK (op. margin 19.1% → 24.7%). Calculated

  • ↑

    Net result improved

    Net result +1.31m NOK → +1.87m NOK (net margin 15.5% → 19.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 100 NOK → 771.6k NOK (equity ratio 0.0% → 18.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 1 107 NOK → 1.11m NOK (+100527.6% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 5.28m NOK → 5.42m NOK (63% → 56% of revenue). Calculated