ADVOKAT IMNA HARALD OTTERSTAD AS: årsregnskap 2019 vs 2018
Grew 15% on revenue, stronger earnings, cash halved-plus
approved 2020-05-04; registry 2020-06-03; journal 2020 425397
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT IMNA HARALD OTTERSTAD AS. Revenue 2.72m NOK → 3.12m NOK (+14.8%). Net result +427.3k NOK → +737.0k NOK. Equity 231.1k NOK → 468.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT IMNA HARALD OTTERSTAD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.72m NOK to 3.12m NOK (+14.8% YoY). Calculated
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Operating result improved
Operating result +566.0k NOK → +951.0k NOK (op. margin 20.8% → 30.5%). Calculated
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Net result improved
Net result +427.3k NOK → +737.0k NOK (net margin 15.7% → 23.6%). Calculated
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Equity strengthened
Book equity 231.1k NOK → 468.0k NOK (equity ratio 112.9% → 26.8%). Calculated
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Current ratio back above 1×
Current ratio 0.00× → 5.65×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 804.1k NOK → 303.9k NOK (-62.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.36m NOK → 1.37m NOK (50% → 44% of revenue). Calculated