ADVOKAT SCHEI AS: årsregnskap 2019 vs 2018
Grew 44% on revenue, weaker earnings
approved 2020-05-11; registry 2020-05-16; journal 2020 364226
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT SCHEI AS. Revenue 475.0k NOK → 684.2k NOK (+44.1%). Net result +129.9k NOK → +40.6k NOK. Equity 3.16m NOK → 201.1k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT SCHEI AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 475.0k NOK to 684.2k NOK (+44.1% YoY). Calculated
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↑
Cash rose
Bank deposits 115.6k NOK → 133.9k NOK (+15.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +130.2k NOK → +40.5k NOK (op. margin 27.4% → 5.9%). Calculated
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↓
Net result weakened
Net result +129.9k NOK → +40.6k NOK (net margin 27.4% → 5.9%). Calculated
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↓
Equity eroded
Book equity 3.16m NOK → 201.1k NOK (equity ratio 1358.1% → 69.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 106.5k NOK → 377.6k NOK (22% → 55% of revenue). Calculated