ADVOKAT BERGESEN AS: årsregnskap 2019 vs 2018
Shrank 6% on revenue, weaker earnings
approved 2020-04-21; registry 2020-05-02; journal 2020 324395
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT BERGESEN AS. Revenue 3.61m NOK → 3.40m NOK (-5.8%). Net result +344.5k NOK → +47.2k NOK. Equity 5.97m NOK → 5.93m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKAT BERGESEN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 73.2k NOK → 77.3k NOK (+5.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.61m NOK to 3.40m NOK (-5.8% YoY). Calculated
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↓
Operating result weakened
Operating result +149.5k NOK → -213.7k NOK (op. margin 4.1% → -6.3%). Calculated
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↓
Net result weakened
Net result +344.5k NOK → +47.2k NOK (net margin 9.5% → 1.4%). Calculated
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↓
Equity eroded
Book equity 5.97m NOK → 5.93m NOK (equity ratio 74.8% → 72.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.10m NOK → 2.35m NOK (58% → 69% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 310.8k NOK → 196.6k NOK (-36.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 115.0k NOK → 110.0k NOK. Reported fact