ADVOKAT SIVERTSVIK AS: årsregnskap 2019 vs 2018
Shrank 24% on revenue, weaker earnings
approved 2020-05-07; registry 2020-06-17; journal 2020 473706
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT SIVERTSVIK AS. Revenue 1.62m NOK → 1.23m NOK (-23.9%). Net result +208.7k NOK → +73.1k NOK. Equity 14.1k NOK → 32.2k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 14.1k NOK → 32.2k NOK (equity ratio 4.4% → 10.1%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.62m NOK to 1.23m NOK (-23.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +281.2k NOK → +96.1k NOK (op. margin 17.4% → 7.8%). Calculated
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↓
Net result weakened
Net result +208.7k NOK → +73.1k NOK (net margin 12.9% → 5.9%). Calculated
-
↓
Cash fell
Bank deposits 142.1k NOK → 90.0k NOK (-36.7% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.01m NOK → 5.48m NOK (62% → 444% of revenue). Calculated