ADVOKAT PER ANDERS LØVSLETTEN AS: årsregnskap 2018 vs 2017
Shrank 31% on revenue, weaker earnings
approved 2019-04-30; registry 2019-05-04; journal 2019 331381
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT PER ANDERS LØVSLETTEN AS. Revenue 707.5k NOK → 490.1k NOK (-30.7%). Net result +117.7k NOK → +18.3k NOK. Equity 380.2k NOK → 348.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 341.7k NOK → 288.1k NOK (48% → 59% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 707.5k NOK to 490.1k NOK (-30.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +159.1k NOK → +21.4k NOK (op. margin 22.5% → 4.4%). Calculated
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↓
Net result weakened
Net result +117.7k NOK → +18.3k NOK (net margin 16.6% → 3.7%). Calculated
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↓
Equity eroded
Book equity 380.2k NOK → 348.5k NOK (equity ratio 66.5% → 88.2%). Calculated
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↓
Cash fell
Bank deposits 333.9k NOK → 216.0k NOK (-35.3% YoY). Calculated