ADVOKAT LEIRVÅG AS: årsregnskap 2018 vs 2017
Grew 19% on revenue, weaker earnings, cash halved-plus
approved 2019-04-29; registry 2019-05-04; journal 2019 329029
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT LEIRVÅG AS. Revenue 1.86m NOK → 2.21m NOK (+18.7%). Net result +471.0k NOK → +45.0k NOK. Equity 719.9k NOK → 964.9k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.86m NOK to 2.21m NOK (+18.7% YoY). Calculated
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↑
Equity strengthened
Book equity 719.9k NOK → 964.9k NOK (equity ratio 44.7% → 44.7%). Calculated
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↑
Payroll decreased
Salary cost 631.0k NOK → 575.5k NOK (34% → 26% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +632.2k NOK → +108.1k NOK (op. margin 34.0% → 4.9%). Calculated
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↓
Net result weakened
Net result +471.0k NOK → +45.0k NOK (net margin 25.4% → 2.0%). Calculated
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↓
Cash fell
Bank deposits 747.6k NOK → 98.6k NOK (-86.8% YoY). Calculated