FirmaIQ
Org.nr 922 696 810 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET HELMR AS: årsregnskap 2020 vs 2019

Returned to profit, fresh owner capital

approved 2021-04-08; registry 2021-06-30; journal 2021 502020

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HELMR AS. Revenue 36.77m NOK → 38.47m NOK (+4.6%). Net result -604.0k NOK → +809.1k NOK. Equity 1.11m NOK → 2.79m NOK.

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

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

At a glance

Scorecard

Revenue
36.77m NOK 38.47m NOK
+4.6%
Operating result
-703.5k NOK +94.1k NOK
+113.4%
Net result
-604.0k NOK +809.1k NOK
+234.0%
Equity
1.11m NOK 2.79m NOK
+152.2%
Cash
8 101 NOK 10.09m NOK
+124396.6%
Total assets
13.40m NOK 18.10m NOK
+35.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 36.77m NOK to 38.47m NOK (+4.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -703.5k NOK → +94.1k NOK (op. margin -1.9% → 0.2%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 604.0k NOK to a profit of 809.1k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 1.11m NOK → 2.79m NOK (equity ratio 8.2% → 15.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 8 101 NOK → 10.09m NOK (+124396.6% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 29.9k NOK → 26.81m NOK (0% → 70% of revenue). Calculated