ADVOKAT SISSEL KNUTSEN HEGDAL AS: årsregnskap 2017 vs 2016
Shrank 25% on revenue, slipped into loss
approved 2018-04-16; registry 2018-04-25; journal 2018 281274
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKAT SISSEL KNUTSEN HEGDAL AS. Revenue 713.7k NOK → 536.3k NOK (-24.9%). Net result +24.9k NOK → -3 621 NOK. Equity -68.5k NOK → -72.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT SISSEL KNUTSEN HEGDAL AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 290.2k NOK → 102.4k NOK (41% → 19% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 713.7k NOK to 536.3k NOK (-24.9% YoY). Calculated
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↓
Operating result weakened
Operating result +43.2k NOK → +17.2k NOK (op. margin 6.1% → 3.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 24.9k NOK profit to a loss of 3 621 NOK. Calculated
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↓
Equity eroded
Book equity -68.5k NOK → -72.1k NOK (equity ratio -31.8% → -40.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -40.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation