Org.nr 916 339 542 2018 → 2019 Year-over-year analysis

ADVOKAT ESPEN SIMONSEN AS: årsregnskap 2019 vs 2018

Shrank 38% on revenue, cash halved-plus

approved 2020-02-06; registry 2020-02-17; journal 2020 210567

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKAT ESPEN SIMONSEN AS. Revenue 4.41m NOK → 2.74m NOK (-37.8%). Equity 375.5k NOK → 1.35m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT ESPEN SIMONSEN AS.

At a glance

Revenue

4.41m NOK 2.74m NOK

-37.8%

Operating result

n/m -35.8k NOK

—

Net result

n/m -24.0k NOK

—

Equity

375.5k NOK 1.35m NOK

+259.9%

Cash

1.89m NOK 822.4k NOK

-56.4%

Total assets

2.21m NOK 1.93m NOK

-12.6%

↑
Equity strengthened

Book equity 375.5k NOK → 1.35m NOK (equity ratio 17.0% → 70.0%). Calculated
↑
Payroll decreased

Salary cost 3.04m NOK → 2.17m NOK (69% → 79% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 4.41m NOK to 2.74m NOK (-37.8% YoY). Calculated
↓
Cash fell

Bank deposits 1.89m NOK → 822.4k NOK (-56.4% YoY). Calculated

·
Book investments changed

Investment / intangible book value 15.0k NOK → 750.0k NOK. Reported fact