ADVOKAT MORTEN ENGESBAK AS: årsregnskap 2017 vs 2016
Grew 8% on revenue, returned to profit
approved 2018-04-26; registry 2018-05-07; journal 2018 309092
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKAT MORTEN ENGESBAK AS. Revenue 1.99m NOK → 2.14m NOK (+7.7%). Net result -508.1k NOK → +470.3k NOK. Equity -887.2k NOK → -416.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKAT MORTEN ENGESBAK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.99m NOK to 2.14m NOK (+7.7% YoY). Calculated
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Operating result improved
Operating result -462.0k NOK → +457.4k NOK (op. margin -23.2% → 21.3%). Calculated
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Turned profitable
Net result flipped from a loss of 508.1k NOK to a profit of 470.3k NOK. Calculated
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Equity strengthened
Book equity -887.2k NOK → -416.9k NOK (equity ratio -173.5% → -116.9%). Calculated
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Cash rose
Bank deposits 41.7k NOK → 394.8k NOK (+847.8% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 1.56m NOK → 2.65m NOK (78% → 124% of revenue). Calculated
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Book investments changed
Investment / intangible book value 16.7k NOK → 13.3k NOK. Reported fact