ADVOKATFIRMAET HOEL WOLLBRÅTEN AS: årsregnskap 2020 vs 2019
Shrank 8% on revenue, returned to profit
approved 2021-04-26; registry 2021-05-01; journal 2021 244121
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HOEL WOLLBRÅTEN AS. Revenue 1.32m NOK → 1.22m NOK (-8.0%). Net result -38.7k NOK → +6.29m NOK. Equity 116.6k NOK → 409.2k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -35.1k NOK → +375.2k NOK (op. margin -2.7% → 30.8%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 38.7k NOK to a profit of 6.29m NOK. Calculated
-
↑
Equity strengthened
Book equity 116.6k NOK → 409.2k NOK (equity ratio 39.2% → 59.3%). Calculated
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↑
Cash rose
Bank deposits 103.5k NOK → 359.1k NOK (+246.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 319.9k NOK → 244.4k NOK (24% → 20% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.32m NOK to 1.22m NOK (-8.0% YoY). Calculated