ADVOKAT MAGNHILD MERINGEN AS: årsregnskap 2019 vs 2018
Grew 8% on revenue, stronger earnings
approved 2020-04-07; registry 2020-04-14; journal 2020 285556
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT MAGNHILD MERINGEN AS. Revenue 1.79m NOK → 1.93m NOK (+7.7%). Net result +348.2k NOK → +525.5k NOK. Equity 1.30m NOK → 1.83m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKAT MAGNHILD MERINGEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.79m NOK to 1.93m NOK (+7.7% YoY). Calculated
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Operating result improved
Operating result +140.3k NOK → +572.0k NOK (op. margin 7.8% → 29.6%). Calculated
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Net result improved
Net result +348.2k NOK → +525.5k NOK (net margin 19.4% → 27.2%). Calculated
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Equity strengthened
Book equity 1.30m NOK → 1.83m NOK (equity ratio 57.2% → 77.8%). Calculated
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Cash rose
Bank deposits 351.0k NOK → 353.0k NOK (+0.6% YoY). Calculated
What deteriorated
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Current ratio dropped below 1×
Current ratio 1.62× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 1.35m NOK → 2.94m NOK (75% → 153% of revenue). Calculated
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Book investments changed
Investment / intangible book value 1.35m NOK → 1.28m NOK. Reported fact