FirmaIQ
Org.nr 913 760 727 2017 → 2018 Year-over-year analysis

ADVOKAT HELGHEIM AS: årsregnskap 2018 vs 2017

Grew 30% on revenue, weaker earnings

approved 2019-04-10; registry 2019-06-03; journal 2019 461671

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVOKAT HELGHEIM AS. Revenue 1.81m NOK → 2.35m NOK (+30.2%). Net result +549.4k NOK → +380.5k NOK. Equity 2.17m NOK → 1.55m NOK.

On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
1.81m NOK 2.35m NOK
+30.2%
Operating result
+723.1k NOK +592.2k NOK
-18.1%
Net result
+549.4k NOK +380.5k NOK
-30.7%
Equity
2.17m NOK 1.55m NOK
-28.6%
Cash
2.34m NOK 3.20m NOK
+36.9%
Total assets
2.72m NOK 3.33m NOK
+22.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.81m NOK to 2.35m NOK (+30.2% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 2.34m NOK → 3.20m NOK (+36.9% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.82m NOK → 1.10m NOK (101% → 47% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +723.1k NOK → +592.2k NOK (op. margin 40.0% → 25.2%). Calculated

  • ↓

    Net result weakened

    Net result +549.4k NOK → +380.5k NOK (net margin 30.4% → 16.2%). Calculated

  • ↓

    Equity eroded

    Book equity 2.17m NOK → 1.55m NOK (equity ratio 79.9% → 46.5%). Calculated