ADVOKAT-CONSULT AS: årsregnskap 2018 vs 2017
Shrank 120% on revenue, cash halved-plus
approved 2019-04-30; registry 2019-05-14; journal 2019 331115
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT-CONSULT AS. Revenue 845.7k NOK → -171.0k NOK (-120.2%). Equity -264.1k NOK → -676.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT-CONSULT AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 109.0k NOK → -3 477 NOK. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 845.7k NOK to -171.0k NOK (-120.2% YoY). Calculated
-
↓
Equity eroded
Book equity -264.1k NOK → -676.1k NOK (equity ratio -29.2% → -1289.9%). Calculated
-
↓
Cash fell
Bank deposits 317.1k NOK → 428 NOK (-99.9% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 5.36× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -1289.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation