ADVOKAT SIRI ØVSTEBØ AS: årsregnskap 2019 vs 2018
Grew 20% on revenue, stronger earnings
approved 2020-05-30; registry 2020-06-03; journal 2020 423753
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT SIRI ØVSTEBØ AS. Revenue 1.40m NOK → 1.68m NOK (+19.9%). Net result +11.6k NOK → +185.5k NOK. Equity 85.4k NOK → 220.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT SIRI ØVSTEBØ AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.40m NOK to 1.68m NOK (+19.9% YoY). Calculated
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↑
Operating result improved
Operating result +13.6k NOK → +262.9k NOK (op. margin 1.0% → 15.7%). Calculated
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Net result improved
Net result +11.6k NOK → +185.5k NOK (net margin 0.8% → 11.0%). Calculated
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Equity strengthened
Book equity 85.4k NOK → 220.9k NOK (equity ratio 14.6% → 35.5%). Calculated
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Current ratio back above 1×
Current ratio 0.90× → 1.18×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 43.2k NOK → 37.9k NOK (-12.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 788.2k NOK → 881.7k NOK (56% → 52% of revenue). Calculated