ADVOKAT SIGNE BLEKASTAD AS: årsregnskap 2019 vs 2018
Grew 12% on revenue, slipped into loss, cash halved-plus
approved 2020-04-04; registry 2020-04-11; journal 2020 284763
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT SIGNE BLEKASTAD AS. Revenue 1.09m NOK → 1.21m NOK (+11.6%). Net result +20.5k NOK → -28.0k NOK. Equity 6 040 NOK → -22.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKAT SIGNE BLEKASTAD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.09m NOK to 1.21m NOK (+11.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +31.1k NOK → -35.5k NOK (op. margin 2.9% → -2.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 20.5k NOK profit to a loss of 28.0k NOK. Calculated
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↓
Equity eroded
Book equity 6 040 NOK → -22.0k NOK (equity ratio 1.5% → -7.5%). Calculated
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↓
Cash fell
Bank deposits 91.5k NOK → 3 395 NOK (-96.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 601.5k NOK → 857.2k NOK (55% → 71% of revenue). Calculated