ADVOKAT GRO ARNESEN FREMSTAD AS: årsregnskap 2019 vs 2018
Grew 20% on revenue, stronger earnings
approved 2020-05-26; registry 2020-05-30; journal 2020 407955
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT GRO ARNESEN FREMSTAD AS. Revenue 1.45m NOK → 1.74m NOK (+19.9%). Net result +113.9k NOK → +324.2k NOK. Equity 438.6k NOK → 762.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT GRO ARNESEN FREMSTAD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.45m NOK to 1.74m NOK (+19.9% YoY). Calculated
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Operating result improved
Operating result +156.3k NOK → +416.4k NOK (op. margin 10.8% → 23.9%). Calculated
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Net result improved
Net result +113.9k NOK → +324.2k NOK (net margin 7.9% → 18.6%). Calculated
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Equity strengthened
Book equity 438.6k NOK → 762.8k NOK (equity ratio 51.1% → 332.3%). Calculated
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Cash rose
Bank deposits 474.8k NOK → 850.5k NOK (+79.1% YoY). Calculated
What deteriorated
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Current ratio dropped below 1×
Current ratio 1.88× → 0.40× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 36.0k NOK → 24.0k NOK. Reported fact