ADVOKAT OLAV MARTIN JENTOFT JR AS: årsregnskap 2017 vs 2016
Mixed movements in the accounts
approved 2018-04-23; registry 2018-05-05; journal 2018 298994
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKAT OLAV MARTIN JENTOFT JR AS. Revenue 2.94m NOK → 2.86m NOK (-2.7%). Equity 461.7k NOK → 139.0k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT OLAV MARTIN JENTOFT JR AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 256.9k NOK → 1.15m NOK (+346.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.81m NOK → 3 NOK (130% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.94m NOK to 2.86m NOK (-2.7% YoY). Calculated
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↓
Equity eroded
Book equity 461.7k NOK → 139.0k NOK (equity ratio 24.7% → 8.7%). Calculated
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↓
COGS moved
COGS / varekostnad 13.3k NOK → 21.0k NOK (+58.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation