FirmaIQ
Org.nr 997 930 169 2016 → 2017 Year-over-year analysis

ADVOKAT OLE HÅKON ELLINGSEN AS: årsregnskap 2017 vs 2016

Grew 15% on revenue, stronger earnings

approved 2018-04-10; registry 2018-04-24; journal 2018 279003

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVOKAT OLE HÅKON ELLINGSEN AS. Revenue 2.53m NOK → 2.91m NOK (+14.7%). Net result +744.5k NOK → +10.91m NOK. Equity 8.21m NOK → 212.9k NOK.

On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT OLE HÅKON ELLINGSEN AS.

At a glance

Scorecard

Revenue
2.53m NOK 2.91m NOK
+14.7%
Net result
+744.5k NOK +10.91m NOK
+1364.8%
Equity
8.21m NOK 212.9k NOK
-97.4%
Cash
565.5k NOK 994.5k NOK
+75.9%
Total assets
1.43m NOK 1.87m NOK
+30.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.53m NOK to 2.91m NOK (+14.7% YoY). Calculated

  • ↑

    Net result improved

    Net result +744.5k NOK → +10.91m NOK (net margin 29.4% → 375.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 565.5k NOK → 994.5k NOK (+75.9% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 8.21m NOK → 212.9k NOK (equity ratio 573.4% → 11.4%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.05m NOK → 1.30m NOK (41% → 45% of revenue). Calculated