ADVOKAT NEERGÅRD AS: årsregnskap 2019 vs 2018
Grew 224% on revenue, stronger earnings, cash halved-plus
approved 2020-05-26; registry 2020-05-28; journal 2020 404419
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT NEERGÅRD AS. Revenue 734.6k NOK → 2.38m NOK (+223.6%). Net result +13.2k NOK → +26.3k NOK. Equity 52.2k NOK → 78.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT NEERGÅRD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 734.6k NOK to 2.38m NOK (+223.6% YoY). Calculated
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Operating result improved
Operating result +20.1k NOK → +70.3k NOK (op. margin 2.7% → 3.0%). Calculated
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Net result improved
Net result +13.2k NOK → +26.3k NOK (net margin 1.8% → 1.1%). Calculated
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Equity strengthened
Book equity 52.2k NOK → 78.5k NOK (equity ratio 492.2% → 6.7%). Calculated
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Payroll decreased
Salary cost 1.92m NOK → 1.50m NOK (261% → 63% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 72.0k NOK → 23.1k NOK (-67.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation