ADVOKAT MADS TORRISSEN AS: årsregnskap 2018 vs 2017
Shrank 44% on revenue, cash halved-plus
approved 2019-04-30; registry 2019-05-04; journal 2019 332003
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT MADS TORRISSEN AS. Revenue 1.21m NOK → 672.9k NOK (-44.4%). Equity 658.9k NOK → 669.2k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT MADS TORRISSEN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 658.9k NOK → 669.2k NOK (equity ratio 70.4% → 233.0%). Calculated
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↑
Payroll decreased
Salary cost 350.8k NOK → 322.4k NOK (29% → 48% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.21m NOK to 672.9k NOK (-44.4% YoY). Calculated
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↓
Cash fell
Bank deposits 739.8k NOK → 98.3k NOK (-86.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.37× → 0.41× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 5 161 NOK → 7 914 NOK. Reported fact