ADVOKAT LEIF STRØM AS: årsregnskap 2018 vs 2017
Grew 30% on revenue, weaker earnings, cash halved-plus
approved 2019-01-31; registry 2019-02-04; journal 2019 205408
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT LEIF STRØM AS. Revenue 1.92m NOK → 2.49m NOK (+30.0%). Net result +476.7k NOK → +196.1k NOK. Equity 588.2k NOK → 684.3k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: net result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKAT LEIF STRØM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.92m NOK to 2.49m NOK (+30.0% YoY). Calculated
-
↑
Equity strengthened
Book equity 588.2k NOK → 684.3k NOK (equity ratio 57.1% → 44.8%). Calculated
What deteriorated
-
↓
Net result weakened
Net result +476.7k NOK → +196.1k NOK (net margin 24.9% → 7.9%). Calculated
-
↓
Cash fell
Bank deposits 588.9k NOK → 23.5k NOK (-96.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.76× → 0.51× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 1.20m NOK → 1.40m NOK (63% → 56% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 2 118 NOK → 18.4k NOK (+766.9% YoY). Calculated