ADVOKAT KJELL MYRLAND AS: årsregnskap 2018 vs 2017
Shrank 44% on revenue, cash halved-plus
approved 2019-04-23; registry 2019-04-30; journal 2019 319268
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT KJELL MYRLAND AS. Revenue 2.47m NOK → 1.39m NOK (-43.7%). Equity 658.7k NOK → 503.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 1.73m NOK → 428.7k NOK (70% → 31% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.47m NOK to 1.39m NOK (-43.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +414.0k NOK → -165.9k NOK (op. margin 16.7% → -11.9%). Calculated
-
↓
Equity eroded
Book equity 658.7k NOK → 503.0k NOK (equity ratio 59.5% → 62.2%). Calculated
-
↓
Cash fell
Bank deposits 252.7k NOK → 111.8k NOK (-55.8% YoY). Calculated