ADVOKAT JOHNSRUD HOLDING AS: årsregnskap 2018 vs 2017
Weaker earnings, cash halved-plus
approved 2019-06-26; registry 2019-07-16; journal 2019 714411
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT JOHNSRUD HOLDING AS. Net result +637.9k NOK → +488.0k NOK. Equity 15.16m NOK → 14.44m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADVOKAT JOHNSRUD HOLDING AS.
At a glance
Scorecard
What deteriorated
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Operating result weakened
Operating result +28.3k NOK → -33.5k NOK. Calculated
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↓
Net result weakened
Net result +637.9k NOK → +488.0k NOK. Calculated
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↓
Equity eroded
Book equity 15.16m NOK → 14.44m NOK (equity ratio 93.2% → 92.2%). Calculated
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↓
Cash fell
Bank deposits 5.37m NOK → 773.9k NOK (-85.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 5.37× → 0.64× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.37m NOK → 773.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 10.01m NOK → 14.53m NOK. Reported fact