ADVOKAT STEIN ÅGE MARTINSEN AS: årsregnskap 2019 vs 2018
Grew 7% on revenue, stronger earnings
approved 2020-02-21; registry 2020-04-20; journal 2020 297976
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT STEIN ÅGE MARTINSEN AS. Revenue 1.71m NOK → 1.82m NOK (+6.8%). Net result +97.7k NOK → +143.3k NOK. Equity 271.1k NOK → 414.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT STEIN ÅGE MARTINSEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.71m NOK to 1.82m NOK (+6.8% YoY). Calculated
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Operating result improved
Operating result +109.5k NOK → +132.1k NOK (op. margin 6.4% → 7.2%). Calculated
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Net result improved
Net result +97.7k NOK → +143.3k NOK (net margin 5.7% → 7.9%). Calculated
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Equity strengthened
Book equity 271.1k NOK → 414.4k NOK (equity ratio 19.4% → 33.7%). Calculated
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Cash rose
Bank deposits 40.5k NOK → 146.1k NOK (+260.3% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 10.07m NOK → 10.07m NOK (590% → 553% of revenue). Calculated