ADVOKAT MADS TORRISSEN AS: årsregnskap 2019 vs 2018
Shrank 94% on revenue
approved 2019-12-31; registry 2020-06-02; journal 2020 421844
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT MADS TORRISSEN AS. Revenue 672.9k NOK → 38.3k NOK (-94.3%). Equity 669.2k NOK → 705.1k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; cash fell.
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 669.2k NOK → 705.1k NOK (equity ratio 233.0% → 86.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.41× → 6.71×. Calculated
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↑
Payroll decreased
Salary cost 322.4k NOK → 204.6k NOK (48% → 535% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 672.9k NOK to 38.3k NOK (-94.3% YoY). Calculated
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↓
Cash fell
Bank deposits 98.3k NOK → 75.4k NOK (-23.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 7 914 NOK → 50.0k NOK. Reported fact