ADVOKAT AS: årsregnskap 2018 vs 2017
Grew 12% on revenue, weaker earnings
approved 2019-05-07; registry 2019-05-11; journal 2019 354362
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT AS. Revenue 468.4k NOK → 526.5k NOK (+12.4%). Net result +243.8k NOK → +7 389 NOK. Equity 3.07m NOK → 107.4k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKAT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 468.4k NOK to 526.5k NOK (+12.4% YoY). Calculated
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↑
Cash rose
Bank deposits 2.88m NOK → 3.05m NOK (+5.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +287.5k NOK → +960 NOK (op. margin 61.4% → 0.2%). Calculated
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↓
Net result weakened
Net result +243.8k NOK → +7 389 NOK (net margin 52.0% → 1.4%). Calculated
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↓
Equity eroded
Book equity 3.07m NOK → 107.4k NOK (equity ratio 93.5% → 3.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 9 847 NOK → 1.33m NOK (2% → 252% of revenue). Calculated