ADVOKAT KJELL-ARNE MATHISEN AS: årsregnskap 2019 vs 2018
Shrank 14% on revenue, weaker earnings, cash halved-plus
approved 2020-05-29; registry 2020-06-02; journal 2020 420734
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT KJELL-ARNE MATHISEN AS. Revenue 945.4k NOK → 811.6k NOK (-14.1%). Net result +53.6k NOK → +30.3k NOK. Equity -20.9k NOK → -51.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. 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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↑
Payroll decreased
Salary cost 585.1k NOK → 463.7k NOK (62% → 57% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 945.4k NOK to 811.6k NOK (-14.1% YoY). Calculated
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↓
Operating result weakened
Operating result +47.2k NOK → +29.7k NOK (op. margin 5.0% → 3.7%). Calculated
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↓
Net result weakened
Net result +53.6k NOK → +30.3k NOK (net margin 5.7% → 3.7%). Calculated
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↓
Equity eroded
Book equity -20.9k NOK → -51.2k NOK (equity ratio -11.8% → -69.7%). Calculated
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↓
Cash fell
Bank deposits 96.6k NOK → 1 904 NOK (-98.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -69.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 76.4k NOK → 53.5k NOK (-30.0% YoY). Calculated