ADVOKAT OLAV MARTIN JENTOFT JR AS: årsregnskap 2019 vs 2018
Shrank 12% on revenue, weaker earnings
approved 2020-05-20; registry 2020-05-26; journal 2020 385266
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT OLAV MARTIN JENTOFT JR AS. Revenue 3.51m NOK → 3.10m NOK (-11.6%). Net result +885.0k NOK → +305.3k NOK. Equity 224.0k NOK → 229.3k NOK.
On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell. 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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↑
Operating result improved
Operating result +1.16m NOK → +4.41m NOK (op. margin 33.2% → 142.3%). Calculated
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↑
Equity strengthened
Book equity 224.0k NOK → 229.3k NOK (equity ratio 12.8% → 83.0%). Calculated
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↑
Payroll decreased
Salary cost 3.50m NOK → 1.91m NOK (100% → 62% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.51m NOK to 3.10m NOK (-11.6% YoY). Calculated
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↓
Net result weakened
Net result +885.0k NOK → +305.3k NOK (net margin 25.2% → 9.9%). Calculated
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↓
Cash fell
Bank deposits 1.02m NOK → 654.9k NOK (-35.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 45.3k NOK → 16.0k NOK (-64.6% YoY). Calculated