ADVOCATIA NORWEGIAN LAW ALLIANCE AS: årsregnskap 2019 vs 2018
Shrank 19% on revenue, slipped into loss, cash halved-plus
approved 2020-03-31; registry 2020-04-14; journal 2020 284363
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOCATIA NORWEGIAN LAW ALLIANCE AS. Revenue 1.64m NOK → 1.32m NOK (-19.3%). Net result +299.0k NOK → -346.7k NOK. Equity 523.6k NOK → 176.9k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
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 deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.64m NOK to 1.32m NOK (-19.3% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 299.0k NOK profit to a loss of 346.7k NOK. Calculated
-
↓
Equity eroded
Book equity 523.6k NOK → 176.9k NOK (equity ratio 85.5% → 80.3%). Calculated
-
↓
Cash fell
Bank deposits 429.5k NOK → 91.6k NOK (-78.7% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 1.01m NOK → 259.0k NOK (-74.3% YoY). Calculated