FirmaIQ
Org.nr 917 472 270 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET HERSTAD AS: årsregnskap 2021 vs 2020

Grew 21% on revenue, stronger earnings

approved 2022-04-28; registry 2022-05-02; journal 2022 243755

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET HERSTAD AS. Revenue 3.04m NOK → 3.67m NOK (+20.7%). Net result +125.0k NOK → +496.2k NOK. Equity 404.8k NOK → 901.0k 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 HERSTAD AS.

At a glance

Scorecard

Revenue
3.04m NOK 3.67m NOK
+20.7%
Operating result
+194.1k NOK +662.7k NOK
+241.4%
Net result
+125.0k NOK +496.2k NOK
+297.0%
Equity
404.8k NOK 901.0k NOK
+122.6%
Cash
684.1k NOK 886.9k NOK
+29.7%
Total assets
n/m 1.72m NOK
—

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.04m NOK to 3.67m NOK (+20.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +194.1k NOK → +662.7k NOK (op. margin 6.4% → 18.0%). Calculated

  • ↑

    Net result improved

    Net result +125.0k NOK → +496.2k NOK (net margin 4.1% → 13.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 404.8k NOK → 901.0k NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 684.1k NOK → 886.9k NOK (+29.7% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.46m NOK → 1.67m NOK (48% → 45% of revenue). Calculated