Org.nr 997 098 609 2018 → 2019 Year-over-year analysis

ADVOKAT ØYEHAUG AS: årsregnskap 2019 vs 2018

Shrank 20% on revenue

approved 2020-05-26; registry 2020-07-01; journal 2020 545934

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKAT ØYEHAUG AS. Revenue 3.54m NOK → 2.82m NOK (-20.4%). Equity 248.0k NOK → 140.9k 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 ØYEHAUG AS.

At a glance

Revenue

3.54m NOK 2.82m NOK

-20.4%

Operating result

n/m +1.15m NOK

—

Net result

n/m +892.9k NOK

—

Equity

248.0k NOK 140.9k NOK

-43.2%

Cash

292.9k NOK 299.7k NOK

+2.3%

Total assets

2.97m NOK 3.11m NOK

+4.4%

↑
Cash rose

Bank deposits 292.9k NOK → 299.7k NOK (+2.3% YoY). Calculated
↑
Payroll decreased

Salary cost 3758.28bn NOK → 2 NOK (106217371% → 0% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 3.54m NOK to 2.82m NOK (-20.4% YoY). Calculated
↓
Equity eroded

Book equity 248.0k NOK → 140.9k NOK (equity ratio 8.3% → 4.5%). Calculated
↓
COGS moved

COGS / varekostnad 51.9k NOK → 96.9k NOK (+86.6% YoY). Calculated

·
Thin equity buffer

Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation