ADVOKAT EVEN RØNVIK AS: årsregnskap 2019 vs 2018
Shrank 19% on revenue, weaker earnings
approved 2020-05-26; registry 2020-05-30; journal 2020 405049
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT EVEN RØNVIK AS. Revenue 6.47m NOK → 5.23m NOK (-19.1%). Net result +2.84m NOK → +2.03m NOK. Equity 12.82m NOK → 14.85m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
6.47m NOK
5.23m NOK
-19.1%
Operating result
n/m
+1.65m NOK
—
Net result
+2.84m NOK
+2.03m NOK
-28.7%
Equity
12.82m NOK
14.85m NOK
+15.8%
Cash
8.10m NOK
6.84m NOK
-15.5%
Total assets
14.31m NOK
16.15m NOK
+12.9%
What improved
-
↑
Equity strengthened
Book equity 12.82m NOK → 14.85m NOK (equity ratio 89.6% → 92.0%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 6.47m NOK to 5.23m NOK (-19.1% YoY). Calculated
-
↓
Net result weakened
Net result +2.84m NOK → +2.03m NOK (net margin 44.0% → 38.7%). Calculated
-
↓
Cash fell
Bank deposits 8.10m NOK → 6.84m NOK (-15.5% YoY). Calculated