ADVOKAT HARALD HEGGEN BRØRBY AS: årsregnskap 2019 vs 2018
Grew 7% on revenue, cash halved-plus
approved 2020-04-24; registry 2020-04-28; journal 2020 314573
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT HARALD HEGGEN BRØRBY AS. Revenue 3.71m NOK → 3.97m NOK (+7.0%). Equity 360.6k NOK → 498.9k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for ADVOKAT HARALD HEGGEN BRØRBY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.71m NOK to 3.97m NOK (+7.0% YoY). Calculated
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↑
Operating result improved
Operating result +826.8k NOK → +1.23m NOK (op. margin 22.3% → 31.1%). Calculated
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↑
Equity strengthened
Book equity 360.6k NOK → 498.9k NOK (equity ratio 10.8% → 16.2%). Calculated
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↑
Payroll decreased
Salary cost 1.67m NOK → 1.64m NOK (45% → 41% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 2.98m NOK → 669.1k NOK (-77.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.98m NOK → 669.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 10.0k NOK → 27.1k NOK (+171.1% YoY). Calculated