ADVOKAT JAN HAMMERSENG AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-05-27; registry 2020-06-02; journal 2020 412426
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT JAN HAMMERSENG AS. Revenue 356.6k NOK → 345.0k NOK (-3.2%). Equity -128.0k NOK → -158.2k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.
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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↑
Cash rose
Bank deposits 85.3k NOK → 143.0k NOK (+67.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 267.0k NOK → 64.2k NOK (75% → 19% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 356.6k NOK to 345.0k NOK (-3.2% YoY). Calculated
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↓
Equity eroded
Book equity -128.0k NOK → -158.2k NOK (equity ratio -56.3% → -83.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -83.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation