FirmaIQ
Org.nr 913 516 850 2018 → 2019 Year-over-year analysis

ADVOKAT ERIK MØRCH AS: årsregnskap 2019 vs 2018

Shrank 49% on revenue, weaker earnings, cash halved-plus

approved 2020-04-01; registry 2020-05-26; journal 2020 390232

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKAT ERIK MØRCH AS. Revenue 454.5k NOK → 233.6k NOK (-48.6%). Net result +207.8k NOK → +44.5k NOK. Equity 30.0k NOK → 30.0k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
454.5k NOK 233.6k NOK
-48.6%
Operating result
+269.2k NOK +56.6k NOK
-79.0%
Net result
+207.8k NOK +44.5k NOK
-78.6%
Equity
30.0k NOK 30.0k NOK
0.0%
Cash
380.1k NOK 116.9k NOK
-69.3%
Total assets
398.2k NOK 129.3k NOK
-67.5%

What improved

  • ↑

    Payroll decreased

    Salary cost 185.3k NOK → 176.9k NOK (41% → 76% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 454.5k NOK to 233.6k NOK (-48.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +269.2k NOK → +56.6k NOK (op. margin 59.2% → 24.2%). Calculated

  • ↓

    Net result weakened

    Net result +207.8k NOK → +44.5k NOK (net margin 45.7% → 19.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 380.1k NOK → 116.9k NOK (-69.3% YoY). Calculated