ADVOKAT JAN HAMMERSENG AS: årsregnskap 2017 vs 2016
Shrank 67% on revenue, weaker earnings
approved 2018-05-23; registry 2018-06-06; journal 2018 414762
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKAT JAN HAMMERSENG AS. Revenue 590.8k NOK → 196.7k NOK (-66.7%). Net result -107.7k NOK → -179.3k NOK. Equity 122.2k NOK → -57.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT JAN HAMMERSENG AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 447.9k NOK → 176.4k NOK (76% → 90% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 590.8k NOK to 196.7k NOK (-66.7% YoY). Calculated
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↓
Operating result weakened
Operating result -108.8k NOK → -179.3k NOK (op. margin -18.4% → -91.1%). Calculated
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↓
Net result weakened
Net result -107.7k NOK → -179.3k NOK (net margin -18.2% → -91.1%). Calculated
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↓
Equity eroded
Book equity 122.2k NOK → -57.1k NOK (equity ratio 23.5% → -18.6%). Calculated
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↓
Cash fell
Bank deposits 195.2k NOK → 134.3k NOK (-31.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -18.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation