FirmaIQ
Org.nr 993 496 669 2019 → 2020 Year-over-year analysis

ADVOKATFIRMAET HVIDSTEN AS: årsregnskap 2020 vs 2019

Weaker earnings, cash halved-plus

approved 2021-04-26; registry 2021-04-29; journal 2021 238686

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET HVIDSTEN AS. Revenue 1.81m NOK → 1.82m NOK (+0.5%). Net result +398.2k NOK → +138.6k NOK. Equity 1.60m NOK → 1.74m NOK.

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

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
1.81m NOK 1.82m NOK
+0.5%
Operating result
+510.0k NOK +181.3k NOK
-64.5%
Net result
+398.2k NOK +138.6k NOK
-65.2%
Equity
1.60m NOK 1.74m NOK
+8.7%
Cash
867.5k NOK 388.6k NOK
-55.2%
Total assets
1.97m NOK 2.23m NOK
+13.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.81m NOK to 1.82m NOK (+0.5% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 1.60m NOK → 1.74m NOK (equity ratio 81.2% → 77.9%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +510.0k NOK → +181.3k NOK (op. margin 28.2% → 10.0%). Calculated

  • ↓

    Net result weakened

    Net result +398.2k NOK → +138.6k NOK (net margin 22.0% → 7.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 867.5k NOK → 388.6k NOK (-55.2% YoY). Calculated