ADVOKAT ERIK MØRCH AS: årsregnskap 2018 vs 2017
Grew 79% on revenue, stronger earnings
approved 2019-04-10; registry 2019-04-27; journal 2019 310158
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT ERIK MØRCH AS. Revenue 253.8k NOK → 454.5k NOK (+79.1%). Net result +64.9k NOK → +207.8k NOK. Equity 30.0k NOK → 30.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKAT ERIK MØRCH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 253.8k NOK to 454.5k NOK (+79.1% YoY). Calculated
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Operating result improved
Operating result +85.3k NOK → +269.2k NOK (op. margin 33.6% → 59.2%). Calculated
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Net result improved
Net result +64.9k NOK → +207.8k NOK (net margin 25.6% → 45.7%). Calculated
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Cash rose
Bank deposits 115.8k NOK → 380.1k NOK (+228.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 168.5k NOK → 185.3k NOK (66% → 41% of revenue). Calculated