ADVOKAT KARIANNE GRINDSTAD AS: årsregnskap 2017 vs 2016
Grew 15% on revenue, returned to profit
approved 2018-01-25; registry 2018-02-12; journal 2018 207092
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKAT KARIANNE GRINDSTAD AS. Revenue 475.8k NOK → 548.3k NOK (+15.2%). Net result -30.9k NOK → +5 790 NOK. Equity 13.5k NOK → 19.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKAT KARIANNE GRINDSTAD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 475.8k NOK to 548.3k NOK (+15.2% YoY). Calculated
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Operating result improved
Operating result -36.6k NOK → +10.7k NOK (op. margin -7.7% → 2.0%). Calculated
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Turned profitable
Net result flipped from a loss of 30.9k NOK to a profit of 5 790 NOK. Calculated
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Equity strengthened
Book equity 13.5k NOK → 19.3k NOK (equity ratio 7.9% → 7.1%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 52.0k NOK → 34.9k NOK (-32.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 333.5k NOK → 374.2k NOK (70% → 68% of revenue). Calculated