ADVOKAT STEIN ÅGE MARTINSEN AS: årsregnskap 2018 vs 2017
Shrank 17% on revenue, returned to profit
approved 2019-03-25; registry 2019-04-02; journal 2019 267782
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT STEIN ÅGE MARTINSEN AS. Revenue 2.05m NOK → 1.71m NOK (-16.9%). Net result -28.2k NOK → +97.7k NOK. Equity 173.5k NOK → 271.1k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -11.9k NOK → +109.5k NOK (op. margin -0.6% → 6.4%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 28.2k NOK to a profit of 97.7k NOK. Calculated
-
↑
Equity strengthened
Book equity 173.5k NOK → 271.1k NOK (equity ratio 11.9% → 19.4%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.05m NOK to 1.71m NOK (-16.9% YoY). Calculated
-
↓
Cash fell
Bank deposits 49.0k NOK → 40.5k NOK (-17.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.45m NOK → 10.07m NOK (71% → 590% of revenue). Calculated