FirmaIQ
Org.nr 989 187 562 2016 → 2017 Year-over-year analysis

ADVOKAT JØRN EIKANGER AS: årsregnskap 2017 vs 2016

Shrank 14% on revenue, cash halved-plus

approved 2018-04-19; registry 2018-05-08; journal 2018 319855

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVOKAT JØRN EIKANGER AS. Revenue 2.71m NOK → 2.34m NOK (-13.6%). Equity 145.1k NOK → 163.0k NOK.

On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
2.71m NOK 2.34m NOK
-13.6%
Operating result
+1 165 NOK +932.2k NOK
+79920.3%
Equity
145.1k NOK 163.0k NOK
+12.3%
Cash
1.30m NOK 592.0k NOK
-54.4%
Total assets
1.50m NOK 1.31m NOK
-13.0%

What improved

  • ↑

    Operating result improved

    Operating result +1 165 NOK → +932.2k NOK (op. margin 0.0% → 39.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 145.1k NOK → 163.0k NOK (equity ratio 9.7% → 12.5%). Calculated

  • ↑

    Payroll decreased

    Salary cost 795.5k NOK → 746.3k NOK (29% → 32% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.71m NOK to 2.34m NOK (-13.6% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 1.30m NOK → 592.0k NOK (-54.4% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.10× → 0.83× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated