ADVOKAT FRANK OVE KVALVIK AS: årsregnskap 2019 vs 2018
Mixed movements in the accounts
approved 2019-12-31; registry 2020-03-16; journal 2020 243732
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT FRANK OVE KVALVIK AS. Revenue 1.93m NOK → 1.89m NOK (-1.8%). Equity 1.06m NOK → 1.26m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
1.93m NOK
1.89m NOK
-1.8%
Equity
1.06m NOK
1.26m NOK
+19.3%
Cash
455.3k NOK
378.8k NOK
-16.8%
Total assets
1.59m NOK
1.72m NOK
+8.6%
What improved
-
↑
Equity strengthened
Book equity 1.06m NOK → 1.26m NOK (equity ratio 66.7% → 73.3%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.93m NOK to 1.89m NOK (-1.8% YoY). Calculated
-
↓
Cash fell
Bank deposits 455.3k NOK → 378.8k NOK (-16.8% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.08m NOK → 1.10m NOK (56% → 58% of revenue). Calculated