ADVOKAT EDEL OLSEN AS: årsregnskap 2018 vs 2017
Grew 518% on revenue, cash halved-plus
approved 2019-04-11; registry 2019-05-20; journal 2019 384626
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT EDEL OLSEN AS. Revenue 207.7k NOK → 1.28m NOK (+518.0%). Net result +34.9k NOK → +24.9k NOK. Equity 68.2k NOK → 93.1k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKAT EDEL OLSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 207.7k NOK to 1.28m NOK (+518.0% YoY). Calculated
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↑
Equity strengthened
Book equity 68.2k NOK → 93.1k NOK (equity ratio 10.1% → 11.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +48.4k NOK → +34.2k NOK (op. margin 23.3% → 2.7%). Calculated
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↓
Net result weakened
Net result +34.9k NOK → +24.9k NOK (net margin 16.8% → 1.9%). Calculated
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↓
Cash fell
Bank deposits 307.8k NOK → 136.9k NOK (-55.5% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 905.7k NOK → 1.00m NOK (436% → 78% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 530 NOK → 8 512 NOK (+456.3% YoY). Calculated