ADVOKATFIRMAET HORNELAND AS: årsregnskap 2020 vs 2019
Grew 381% on revenue, weaker earnings
approved 2021-06-28; registry 2021-07-07; journal 2021 542477
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HORNELAND AS. Revenue 708.4k NOK → 3.41m NOK (+381.0%). Net result +907.2k NOK → +661.9k NOK. Equity 318.6k NOK → 310.5k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET HORNELAND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 708.4k NOK to 3.41m NOK (+381.0% YoY). Calculated
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↑
Operating result improved
Operating result +1 163 NOK → +858.0k NOK (op. margin 0.2% → 25.2%). Calculated
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Cash rose
Bank deposits 1 198 NOK → 1.71m NOK (+142682.2% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +907.2k NOK → +661.9k NOK (net margin 128.1% → 19.4%). Calculated
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↓
Equity eroded
Book equity 318.6k NOK → 310.5k NOK (equity ratio 46.7% → 14.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 4 127 NOK → 1.86m NOK (1% → 55% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 7 395 NOK → 42.0k NOK (+467.6% YoY). Calculated