ADVOKAT SIGURD A REFVIK EIENDOM AS: årsregnskap 2019 vs 2018
Grew 6% on revenue, weaker earnings
approved 2020-03-02; registry 2020-07-15; journal 2020 576941
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT SIGURD A REFVIK EIENDOM AS. Revenue 6.39m NOK → 6.75m NOK (+5.6%). Net result +394.2k NOK → +133.0k NOK. Equity 2.07m NOK → 2.20m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT SIGURD A REFVIK EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.39m NOK to 6.75m NOK (+5.6% YoY). Calculated
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↑
Equity strengthened
Book equity 2.07m NOK → 2.20m NOK (equity ratio 56.3% → 58.0%). Calculated
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↑
Cash rose
Bank deposits 2.10m NOK → 2.25m NOK (+7.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +454.0k NOK → +139.4k NOK (op. margin 7.1% → 2.1%). Calculated
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↓
Net result weakened
Net result +394.2k NOK → +133.0k NOK (net margin 6.2% → 2.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.01m NOK → 4.11m NOK (47% → 61% of revenue). Calculated