Org.nr 989 168 142 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET HEGG & CO AS: årsregnskap 2020 vs 2019

Grew 11% on revenue

approved 2021-01-20; registry 2021-01-25; journal 2021 108855

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HEGG & CO AS. Revenue 15.22m NOK → 16.93m NOK (+11.3%). Equity 1.59m NOK → 1.56m NOK.

On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: equity eroded.

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

At a glance

Revenue

15.22m NOK 16.93m NOK

+11.3%

Operating result

n/m +1.19m NOK

—

Net result

n/m +970.0k NOK

—

Equity

1.59m NOK 1.56m NOK

-1.9%

Cash

6.54m NOK 8.98m NOK

+37.4%

Total assets

9.96m NOK 11.83m NOK

+18.8%

↑
Revenue rose

Operating income / revenue moved from 15.22m NOK to 16.93m NOK (+11.3% YoY). Calculated
↑
Cash rose

Bank deposits 6.54m NOK → 8.98m NOK (+37.4% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.78× → 1.14×. Calculated

↓
Equity eroded

Book equity 1.59m NOK → 1.56m NOK (equity ratio 16.0% → 13.2%). Calculated

·
Payroll increased

Salary cost 11.00m NOK → 12.99m NOK (72% → 77% of revenue). Calculated
·
COGS fell

COGS / varekostnad 6 082 NOK → -5 248 NOK (-186.3% YoY). Calculated