ADVOKAT CAMILLA ØDEGAARD LETNES AS: årsregnskap 2018 vs 2017
Grew 15% on revenue
approved 2019-04-30; registry 2019-05-18; journal 2019 378602
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT CAMILLA ØDEGAARD LETNES AS. Revenue 2.11m NOK → 2.43m NOK (+15.3%). Equity 557.9k NOK → 718.0k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVOKAT CAMILLA ØDEGAARD LETNES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.11m NOK to 2.43m NOK (+15.3% YoY). Calculated
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↑
Equity strengthened
Book equity 557.9k NOK → 718.0k NOK (equity ratio 49.2% → 64.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +476.5k NOK → +433.4k NOK (op. margin 22.6% → 17.8%). Calculated
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↓
Cash fell
Bank deposits 408.2k NOK → 315.0k NOK (-22.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.95× → 0.23× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 194.4k NOK → 200 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 1 117 NOK → 1.08m NOK (0% → 44% of revenue). Calculated