FirmaIQ
Org.nr 989 580 477 2016 → 2017 Year-over-year analysis

ADVOKAT KJETIL H. NILSEN AS: årsregnskap 2017 vs 2016

Shrank 18% on revenue, slipped into loss

approved 2018-04-24; registry 2018-05-08; journal 2018 319853

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVOKAT KJETIL H. NILSEN AS. Revenue 2.54m NOK → 2.08m NOK (-18.2%). Net result +273.1k NOK → -33.8k NOK. Equity 792.5k NOK → 758.7k NOK.

On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
2.54m NOK 2.08m NOK
-18.2%
Operating result
+364.1k NOK -45.4k NOK
-112.5%
Net result
+273.1k NOK -33.8k NOK
-112.4%
Equity
792.5k NOK 758.7k NOK
-4.3%
Cash
775.2k NOK 605.2k NOK
-21.9%
Total assets
148.0k NOK 1.08m NOK
+630.1%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.24× → 3.13×. Calculated

  • ↑

    Payroll decreased

    Salary cost 5.58m NOK → 5 NOK (220% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.54m NOK to 2.08m NOK (-18.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +364.1k NOK → -45.4k NOK (op. margin 14.3% → -2.2%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 273.1k NOK profit to a loss of 33.8k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 792.5k NOK → 758.7k NOK (equity ratio 535.3% → 70.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 775.2k NOK → 605.2k NOK (-21.9% YoY). Calculated