Org.nr 989 946 048 2018 → 2019 Year-over-year analysis

ADVOKAT SANDVOLD AS: årsregnskap 2019 vs 2018

Shrank 16% on revenue

approved 2020-05-27; registry 2020-06-02; journal 2020 418132

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKAT SANDVOLD AS. Revenue 1.58m NOK → 1.32m NOK (-16.5%). Equity 121.1k NOK → 27.2k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT SANDVOLD AS.

At a glance

Revenue

1.58m NOK 1.32m NOK

-16.5%

Operating result

n/m -92.7k NOK

—

Net result

n/m -93.9k NOK

—

Equity

121.1k NOK 27.2k NOK

-77.5%

Cash

67.8k NOK 120.7k NOK

+78.1%

Total assets

586.2k NOK 658.2k NOK

+12.3%

↓
Revenue fell

Operating income / revenue moved from 1.58m NOK to 1.32m NOK (-16.5% YoY). Calculated
↓
Equity eroded

Book equity 121.1k NOK → 27.2k NOK (equity ratio 20.7% → 4.1%). Calculated
↓
Payroll up without matching revenue

Salary cost 1 138 NOK → 942.8k NOK (0% → 71% of revenue). Calculated

·
Thin equity buffer

Equity ratio is 4.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation