ADVOKAT LEIRVÅG AS: årsregnskap 2017 vs 2016
Shrank 20% on revenue, weaker earnings
approved 2018-04-19; registry 2018-05-08; journal 2018 313443
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKAT LEIRVÅG AS. Revenue 2.32m NOK → 1.86m NOK (-19.9%). Net result +720.0k NOK → +471.0k NOK. Equity 748.9k NOK → 719.9k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 743.1k NOK → 747.6k NOK (+0.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 639.3k NOK → 631.0k NOK (28% → 34% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.32m NOK to 1.86m NOK (-19.9% YoY). Calculated
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↓
Operating result weakened
Operating result +959.9k NOK → +632.2k NOK (op. margin 41.4% → 34.0%). Calculated
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↓
Net result weakened
Net result +720.0k NOK → +471.0k NOK (net margin 31.0% → 25.4%). Calculated
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↓
Equity eroded
Book equity 748.9k NOK → 719.9k NOK (equity ratio 38.5% → 44.7%). Calculated