ADVOKAT KJELL-ARNE MATHISEN AS: årsregnskap 2018 vs 2017
Grew 83412% on revenue, stronger earnings
approved 2019-04-28; registry 2019-05-02; journal 2019 324173
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT KJELL-ARNE MATHISEN AS. Revenue 1 132 NOK → 945.4k NOK (+83412.5%). Net result +2 018 NOK → +53.6k NOK. Equity 32.7k NOK → -20.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT KJELL-ARNE MATHISEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1 132 NOK to 945.4k NOK (+83412.5% YoY). Calculated
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Operating result improved
Operating result +15.2k NOK → +47.2k NOK (op. margin 1341.1% → 5.0%). Calculated
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Net result improved
Net result +2 018 NOK → +53.6k NOK (net margin 178.3% → 5.7%). Calculated
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Payroll decreased
Salary cost 687.9k NOK → 585.1k NOK (60767% → 62% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 32.7k NOK → -20.9k NOK (equity ratio 12.3% → -11.8%). Calculated
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Cash fell
Bank deposits 177.5k NOK → 96.6k NOK (-45.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -11.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation