Org.nr 996 399 869 2017 → 2018 Year-over-year analysis

ADNOR ADVOKAT AS: årsregnskap 2018 vs 2017

Shrank 5% on revenue

approved 2019-04-30; registry 2019-05-08; journal 2019 343510

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADNOR ADVOKAT AS. Revenue 22.33m NOK → 21.20m NOK (-5.1%). Equity 569.3k NOK → 492.7k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADNOR ADVOKAT AS.

At a glance

Revenue

22.33m NOK 21.20m NOK

-5.1%

Net result

n/m +4 843 NOK

—

Equity

569.3k NOK 492.7k NOK

-13.5%

Cash

2.20m NOK 2.67m NOK

+21.2%

Total assets

7.91m NOK 8.10m NOK

+2.4%

↓
Revenue fell

Operating income / revenue moved from 22.33m NOK to 21.20m NOK (-5.1% YoY). Calculated
↓
Equity eroded

Book equity 569.3k NOK → 492.7k NOK (equity ratio 7.2% → 6.1%). Calculated
↓
Payroll up without matching revenue

Salary cost 14.44m NOK → 14.71m NOK (65% → 69% of revenue). Calculated

·
Thin equity buffer

Equity ratio is 6.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Paid-in equity reduced

Paid-in equity fell 424.0k NOK → 364.0k NOK — check capital reduction, conversion, or reclassification. Interpretation