ADVOKAT EDEL OLSEN AS: årsregnskap 2017 vs 2016
Shrank 82% on revenue, stronger earnings
approved 2018-04-12; registry 2018-05-02; journal 2018 291579
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKAT EDEL OLSEN AS. Revenue 1.17m NOK → 207.7k NOK (-82.2%). Net result +3 264 NOK → +34.9k NOK. Equity 73.3k NOK → 68.2k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +5 846 NOK → +48.4k NOK (op. margin 0.5% → 23.3%). Calculated
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Net result improved
Net result +3 264 NOK → +34.9k NOK (net margin 0.3% → 16.8%). Calculated
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Payroll decreased
Salary cost 935.3k NOK → 905.7k NOK (80% → 436% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.17m NOK to 207.7k NOK (-82.2% YoY). Calculated
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↓
Equity eroded
Book equity 73.3k NOK → 68.2k NOK (equity ratio 10.3% → 10.1%). Calculated
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↓
Cash fell
Bank deposits 369.5k NOK → 307.8k NOK (-16.7% YoY). Calculated