ADVOKAT ØYSTEIN HANSEN AS: årsregnskap 2019 vs 2018
Shrank 14% on revenue, slipped into loss, cash halved-plus
approved 2020-05-28; registry 2020-06-02; journal 2020 417210
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT ØYSTEIN HANSEN AS. Revenue 970.0k NOK → 832.7k NOK (-14.2%). Net result +12.1k NOK → -70.0k NOK. Equity 160.4k NOK → 90.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 591.1k NOK → 561.8k NOK (61% → 67% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 970.0k NOK to 832.7k NOK (-14.2% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 12.1k NOK profit to a loss of 70.0k NOK. Calculated
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↓
Equity eroded
Book equity 160.4k NOK → 90.5k NOK (equity ratio 41.8% → 26.8%). Calculated
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↓
Cash fell
Bank deposits 115.5k NOK → -21.2k NOK (-118.3% YoY). Calculated