ADVOKAT CAMILLA ØDEGAARD LETNES AS: årsregnskap 2019 vs 2018
Shrank 15% on revenue, fresh owner capital
approved 2020-05-04; registry 2020-05-07; journal 2020 337344
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT CAMILLA ØDEGAARD LETNES AS. Revenue 2.43m NOK → 2.07m NOK (-14.6%). Net result +330.2k NOK → +394.7k NOK. Equity 718.0k NOK → 642.7k NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +433.4k NOK → +507.5k NOK (op. margin 17.8% → 24.5%). Calculated
-
↑
Net result improved
Net result +330.2k NOK → +394.7k NOK (net margin 13.6% → 19.0%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.23× → 2.50×. Calculated
-
↑
Owners injected capital
Paid-in equity rose 200 NOK → 30.0k NOK (+29.8k NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.43m NOK to 2.07m NOK (-14.6% YoY). Calculated
-
↓
Equity eroded
Book equity 718.0k NOK → 642.7k NOK (equity ratio 64.8% → 61.1%). Calculated
-
↓
Cash fell
Bank deposits 315.0k NOK → 267.2k NOK (-15.2% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.08m NOK → 1.94m NOK (44% → 93% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 356.2k NOK → 426.6k NOK (+19.8% YoY). Calculated