ADVOKAT LEIF STRØM AS: årsregnskap 2017 vs 2016
Shrank 18% on revenue
approved 2018-01-27; registry 2018-02-01; journal 2018 204382
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKAT LEIF STRØM AS. Revenue 2.35m NOK → 1.92m NOK (-18.4%). Equity 764.9k NOK → 588.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
2.35m NOK
1.92m NOK
-18.4%
Net result
n/m
+476.7k NOK
—
Equity
764.9k NOK
588.2k NOK
-23.1%
Cash
1.07m NOK
588.9k NOK
-44.8%
Total assets
1.54m NOK
1.03m NOK
-33.0%
What improved
-
↑
Payroll decreased
Salary cost 1.38m NOK → 1.20m NOK (59% → 63% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.35m NOK to 1.92m NOK (-18.4% YoY). Calculated
-
↓
Equity eroded
Book equity 764.9k NOK → 588.2k NOK (equity ratio 49.8% → 57.1%). Calculated
-
↓
Cash fell
Bank deposits 1.07m NOK → 588.9k NOK (-44.8% YoY). Calculated