ADVOKAT FRANK OVE KVALVIK AS: årsregnskap 2017 vs 2016
Grew 130% on revenue, cash halved-plus
approved 2018-04-16; registry 2018-04-24; journal 2018 280061
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKAT FRANK OVE KVALVIK AS. Revenue 613.6k NOK → 1.41m NOK (+130.4%). Equity 919.5k NOK → 999.2k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT FRANK OVE KVALVIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 613.6k NOK to 1.41m NOK (+130.4% YoY). Calculated
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↑
Equity strengthened
Book equity 919.5k NOK → 999.2k NOK (equity ratio 56.9% → 70.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.40× → 4.54×. Calculated
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↑
Payroll decreased
Salary cost 876.9k NOK → 815.6k NOK (143% → 58% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 293.9k NOK → 73.6k NOK (-75.0% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 5 000 NOK → 12.0k NOK. Reported fact