ADVOKATFIRMAET TOR HAUG AS: årsregnskap 2020 vs 2019
Grew 35% on revenue, stronger earnings, cash halved-plus
approved 2021-04-22; registry 2021-04-26; journal 2021 226542
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVOKATFIRMAET TOR HAUG AS. Revenue 1.92m NOK → 2.60m NOK (+35.3%). Net result +50.9k NOK → +333.6k NOK. Equity 10.69m NOK → 12 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET TOR HAUG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.92m NOK to 2.60m NOK (+35.3% YoY). Calculated
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↑
Operating result improved
Operating result +67.7k NOK → +453.0k NOK (op. margin 3.5% → 17.4%). Calculated
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↑
Net result improved
Net result +50.9k NOK → +333.6k NOK (net margin 2.6% → 12.8%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 10.69m NOK → 12 NOK (equity ratio 1093.4% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 501.8k NOK → 164.0k NOK (-67.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.81× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 12.2k NOK → 13.2k NOK. Reported fact