FirmaIQ
Org.nr 920 036 902 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET HEUSSCHE AS: årsregnskap 2020 vs 2019

Weaker earnings

approved 2021-04-29; registry 2021-05-03; journal 2021 250126

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HEUSSCHE AS. Revenue 1.71m NOK → 1.75m NOK (+2.5%). Net result +326.9k NOK → +163.3k NOK. Equity 7.33m NOK → 491.5k NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.

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

At a glance

Scorecard

Revenue
1.71m NOK 1.75m NOK
+2.5%
Operating result
+427.8k NOK +214.6k NOK
-49.8%
Net result
+326.9k NOK +163.3k NOK
-50.1%
Equity
7.33m NOK 491.5k NOK
-93.3%
Cash
212.3k NOK 468.9k NOK
+120.9%
Total assets
770.8k NOK 962.9k NOK
+24.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.71m NOK to 1.75m NOK (+2.5% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 212.3k NOK → 468.9k NOK (+120.9% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +427.8k NOK → +214.6k NOK (op. margin 25.0% → 12.2%). Calculated

  • ↓

    Net result weakened

    Net result +326.9k NOK → +163.3k NOK (net margin 19.1% → 9.3%). Calculated

  • ↓

    Equity eroded

    Book equity 7.33m NOK → 491.5k NOK (equity ratio 950.8% → 51.0%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 568.8k NOK → 702.9k NOK (33% → 40% of revenue). Calculated