ADVOKATFIRMAET HERMANSEN AS: årsregnskap 2020 vs 2019
Grew 2994% on revenue, returned to profit
approved 2021-04-30; registry 2021-05-03; journal 2021 256838
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HERMANSEN AS. Revenue 73.8k NOK → 2.28m NOK (+2994.2%). Net result -332.7k NOK → +818.7k NOK. Equity -463.8k NOK → 354.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET HERMANSEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 73.8k NOK to 2.28m NOK (+2994.2% YoY). Calculated
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Operating result improved
Operating result -314.8k NOK → +896.0k NOK (op. margin -426.8% → 39.3%). Calculated
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Turned profitable
Net result flipped from a loss of 332.7k NOK to a profit of 818.7k NOK. Calculated
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Equity strengthened
Book equity -463.8k NOK → 354.9k NOK (equity ratio -161.2% → 38.3%). Calculated
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Cash rose
Bank deposits 753 NOK → 38.4k NOK (+5001.7% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 6 NOK → 627.5k NOK (0% → 27% of revenue). Calculated
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COGS fell
COGS / varekostnad 92.3k NOK → 30.0k NOK (-67.5% YoY). Calculated