FirmaIQ
Org.nr 913 125 312 2018 → 2019 Year-over-year analysis

ADVOKAT MORTEN ENGESBAK AS: årsregnskap 2019 vs 2018

Shrank 26% on revenue, weaker earnings, cash halved-plus

approved 2020-05-22; registry 2020-05-28; journal 2020 400653

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKAT MORTEN ENGESBAK AS. Revenue 2.32m NOK → 1.73m NOK (-25.7%). Net result +6.81m NOK → +6 NOK. Equity 391.6k NOK → 117.7k NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
2.32m NOK 1.73m NOK
-25.7%
Operating result
+933.5k NOK -267.1k NOK
-128.6%
Net result
+6.81m NOK +6 NOK
-100.0%
Equity
391.6k NOK 117.7k NOK
-69.9%
Cash
394.3k NOK 61.5k NOK
-84.4%
Total assets
1.05m NOK 773.1k NOK
-26.4%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.32m NOK to 1.73m NOK (-25.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +933.5k NOK → -267.1k NOK (op. margin 40.2% → -15.5%). Calculated

  • ↓

    Net result weakened

    Net result +6.81m NOK → +6 NOK (net margin 292.9% → 0.0%). Calculated

  • ↓

    Equity eroded

    Book equity 391.6k NOK → 117.7k NOK (equity ratio 37.3% → 15.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 394.3k NOK → 61.5k NOK (-84.4% YoY). Calculated