ADVOKAT LARS REINSNOS AS: årsregnskap 2018 vs 2017
Shrank 16% on revenue, stronger earnings
approved 2019-03-11; registry 2019-04-01; journal 2019 260751
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT LARS REINSNOS AS. Revenue 3.54m NOK → 2.98m NOK (-15.7%). Net result +1 558 NOK → +1.14m NOK. Equity 1.75m NOK → 1.49m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT LARS REINSNOS AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +1 558 NOK → +1.14m NOK (net margin 0.0% → 38.3%). Calculated
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Payroll decreased
Salary cost 661.5k NOK → 614.9k NOK (19% → 21% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.54m NOK to 2.98m NOK (-15.7% YoY). Calculated
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Equity eroded
Book equity 1.75m NOK → 1.49m NOK (equity ratio 52.1% → 48.7%). Calculated
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Cash fell
Bank deposits 724.0k NOK → 680.8k NOK (-6.0% YoY). Calculated
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COGS moved
COGS / varekostnad 41.3k NOK → 238.7k NOK (+477.7% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 771.8k NOK → 631.8k NOK. Reported fact