ADVOCATIA NORWEGIAN LAW ALLIANCE AS: årsregnskap 2017 vs 2016
Shrank 66% on revenue, returned to profit
approved 2018-06-21; registry 2018-07-04; journal 2018 613423
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOCATIA NORWEGIAN LAW ALLIANCE AS. Revenue 975.0k NOK → 333.2k NOK (-65.8%). Net result -46.9k NOK → +87.2k NOK. Equity 137.4k NOK → 224.6k NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOCATIA NORWEGIAN LAW ALLIANCE AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 46.9k NOK to a profit of 87.2k NOK. Calculated
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↑
Equity strengthened
Book equity 137.4k NOK → 224.6k NOK (equity ratio 124.9% → 96.3%). Calculated
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↑
Cash rose
Bank deposits 100.5k NOK → 218.8k NOK (+117.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio -4.01× → 26.67×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 975.0k NOK to 333.2k NOK (-65.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 778.9k NOK → 12.6k NOK (-98.4% YoY). Calculated