FirmaIQ
Org.nr 989 230 905 2018 → 2019 Year-over-year analysis

ADVOKAT SIGVALD ARNE MORTVEIT AS: årsregnskap 2019 vs 2018

Grew 87% on revenue, stronger earnings

approved 2020-05-27; registry 2020-05-30; journal 2020 409545

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKAT SIGVALD ARNE MORTVEIT AS. Revenue 175.8k NOK → 328.1k NOK (+86.6%). Net result +172.7k NOK → +305.1k NOK. Equity 545.7k NOK → 850.7k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

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

At a glance

Scorecard

Revenue
175.8k NOK 328.1k NOK
+86.6%
Operating result
+223.1k NOK +382.3k NOK
+71.4%
Net result
+172.7k NOK +305.1k NOK
+76.7%
Equity
545.7k NOK 850.7k NOK
+55.9%
Cash
71.7k NOK 62.0k NOK
-13.5%
Total assets
894.2k NOK 500.1k NOK
-44.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 175.8k NOK to 328.1k NOK (+86.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +223.1k NOK → +382.3k NOK (op. margin 126.9% → 116.5%). Calculated

  • ↑

    Net result improved

    Net result +172.7k NOK → +305.1k NOK (net margin 98.2% → 93.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 545.7k NOK → 850.7k NOK (equity ratio 61.0% → 170.1%). Calculated

  • ↑

    Payroll decreased

    Salary cost 5.49m NOK → 5.41m NOK (3125% → 1648% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 71.7k NOK → 62.0k NOK (-13.5% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 99.2k NOK → 178.4k NOK (+79.9% YoY). Calculated