ADVOKAT-CONSULT AS: årsregnskap 2017 vs 2016
Shrank 48% on revenue
approved 2018-04-24; registry 2018-05-05; journal 2018 299072
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKAT-CONSULT AS. Revenue 1.61m NOK → 845.7k NOK (-47.6%). Equity 909.4k NOK → -264.1k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKAT-CONSULT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 220.1k NOK → 317.1k NOK (+44.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.78m NOK → 109.0k NOK (111% → 13% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.61m NOK to 845.7k NOK (-47.6% YoY). Calculated
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↓
Equity eroded
Book equity 909.4k NOK → -264.1k NOK (equity ratio 50.2% → -29.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -29.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 39.0k NOK → 3 633 NOK (-90.7% YoY). Calculated