Org.nr 989 362 968 2018 → 2019 Year-over-year analysis

ADVOKAT PETTER MELLO AS: årsregnskap 2019 vs 2018

Shrank 16% on revenue

approved 2020-04-13; registry 2020-05-09; journal 2020 342098

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKAT PETTER MELLO AS. Revenue 1.46m NOK → 1.23m NOK (-15.8%). Equity 544.6k NOK → 351.1k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT PETTER MELLO AS.

At a glance

Revenue

1.46m NOK 1.23m NOK

-15.8%

Operating result

n/m -191.9k NOK

—

Net result

n/m -193.5k NOK

—

Equity

544.6k NOK 351.1k NOK

-35.5%

Cash

156.7k NOK 130.3k NOK

-16.8%

Total assets

804.2k NOK 866.9k NOK

+7.8%

↑
Payroll decreased

Salary cost 4.68m NOK → 4.66m NOK (320% → 378% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 1.46m NOK to 1.23m NOK (-15.8% YoY). Calculated
↓
Equity eroded

Book equity 544.6k NOK → 351.1k NOK (equity ratio 67.7% → 40.5%). Calculated
↓
Cash fell

Bank deposits 156.7k NOK → 130.3k NOK (-16.8% YoY). Calculated