ADVOKAT EDEL OLSEN AS: årsregnskap 2019 vs 2018
Grew 6% on revenue, weaker earnings
approved 2020-05-12; registry 2020-06-02; journal 2020 421624
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT EDEL OLSEN AS. Revenue 1.28m NOK → 1.37m NOK (+6.4%). Net result +24.9k NOK → +7 511 NOK. Equity 93.1k NOK → 100.6k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
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 1.28m NOK to 1.37m NOK (+6.4% YoY). Calculated
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↑
Equity strengthened
Book equity 93.1k NOK → 100.6k NOK (equity ratio 11.3% → 11.8%). Calculated
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↑
Cash rose
Bank deposits 136.9k NOK → 574.3k NOK (+319.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +34.2k NOK → +7 240 NOK (op. margin 2.7% → 0.5%). Calculated
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↓
Net result weakened
Net result +24.9k NOK → +7 511 NOK (net margin 1.9% → 0.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.00m NOK → 1.01m NOK (78% → 74% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 8 512 NOK → 21.8k NOK (+155.9% YoY). Calculated