FirmaIQ
Org.nr 970 920 420 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET HVATTUM AS: årsregnskap 2020 vs 2019

Grew 313% on revenue, stronger earnings

approved 2021-03-24; registry 2021-03-27; journal 2021 173025

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HVATTUM AS. Revenue 220.4k NOK → 909.4k NOK (+312.5%). Net result +122.7k NOK → +149.2k NOK. Equity 849.6k NOK → 998.8k NOK.

On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
220.4k NOK 909.4k NOK
+312.5%
Operating result
n/m +189.6k NOK
—
Net result
+122.7k NOK +149.2k NOK
+21.6%
Equity
849.6k NOK 998.8k NOK
+17.6%
Cash
210.2k NOK 163.4k NOK
-22.3%
Total assets
1.37m NOK 1.30m NOK
-4.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 220.4k NOK to 909.4k NOK (+312.5% YoY). Calculated

  • ↑

    Net result improved

    Net result +122.7k NOK → +149.2k NOK (net margin 55.7% → 16.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 849.6k NOK → 998.8k NOK (equity ratio 62.0% → 76.7%). Calculated

  • ↑

    Payroll decreased

    Salary cost 634.3k NOK → 325.4k NOK (288% → 36% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 210.2k NOK → 163.4k NOK (-22.3% YoY). Calculated