FirmaIQ
Org.nr 989 230 905 2016 → 2017 Year-over-year analysis

ADVOKAT SIGVALD ARNE MORTVEIT AS: årsregnskap 2017 vs 2016

Shrank 100% on revenue, returned to profit

approved 2018-04-25; registry 2018-05-07; journal 2018 303057

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVOKAT SIGVALD ARNE MORTVEIT AS. Revenue 784.54m NOK → 1 671 NOK (-100.0%). Net result -64.4k NOK → +109 NOK. Equity 372.9k NOK → 373.0k NOK.

On the constructive side: turned profitable. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT SIGVALD ARNE MORTVEIT AS.

At a glance

Scorecard

Revenue
784.54m NOK 1 671 NOK
-100.0%
Operating result
+64.3k NOK +7 315 NOK
-88.6%
Net result
-64.4k NOK +109 NOK
+100.2%
Equity
372.9k NOK 373.0k NOK
+0.0%
Cash
57.2k NOK 47.3k NOK
-17.3%
Total assets
606.6k NOK 899.2k NOK
+48.2%

What improved

  • ↑

    Turned profitable

    Net result flipped from a loss of 64.4k NOK to a profit of 109 NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 784.54m NOK to 1 671 NOK (-100.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +64.3k NOK → +7 315 NOK (op. margin 0.0% → 437.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 57.2k NOK → 47.3k NOK (-17.3% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 336.7k NOK → 6.48m NOK (0% → 387982% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 159.0k NOK → 52.4k NOK (-67.0% YoY). Calculated