ADVOKAT AS: årsregnskap 2019 vs 2018
Grew 46% on revenue, stronger earnings, cash halved-plus
approved 2020-05-19; registry 2020-05-26; journal 2020 386354
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT AS. Revenue 526.5k NOK → 768.3k NOK (+45.9%). Net result +7 389 NOK → +258.3k NOK. Equity 107.4k NOK → 365.7k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown. 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 526.5k NOK to 768.3k NOK (+45.9% YoY). Calculated
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Net result improved
Net result +7 389 NOK → +258.3k NOK (net margin 1.4% → 33.6%). Calculated
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Equity strengthened
Book equity 107.4k NOK → 365.7k NOK (equity ratio 3.3% → 59.3%). Calculated
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Payroll decreased
Salary cost 1.33m NOK → 321.6k NOK (252% → 42% of revenue). Calculated
What deteriorated
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Operating result weakened
Operating result +960 NOK → +315 NOK (op. margin 0.2% → 0.0%). Calculated
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Cash fell
Bank deposits 3.05m NOK → 329.8k NOK (-89.2% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.05m NOK → 329.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation