ADVOKAT LEIF STRØM AS: årsregnskap 2019 vs 2018
Grew 38% on revenue, stronger earnings
approved 2020-02-24; registry 2020-06-16; journal 2020 469395
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT LEIF STRØM AS. Revenue 2.49m NOK → 3.43m NOK (+37.7%). Net result +196.1k NOK → +294.3k NOK. Equity 684.3k NOK → 678.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased. 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 2.49m NOK to 3.43m NOK (+37.7% YoY). Calculated
-
↑
Operating result improved
Operating result +265.9k NOK → +384.8k NOK (op. margin 10.7% → 11.2%). Calculated
-
↑
Net result improved
Net result +196.1k NOK → +294.3k NOK (net margin 7.9% → 8.6%). Calculated
-
↑
Cash rose
Bank deposits 23.5k NOK → 1.10m NOK (+4595.0% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.51× → 1.67×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 684.3k NOK → 678.6k NOK (equity ratio 44.8% → 42.6%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 1.40m NOK → 2.11m NOK (56% → 62% of revenue). Calculated