ADVOKAT STENSLAND & CO AS: årsregnskap 2017 vs 2016
Shrank 71% on revenue, weaker earnings, cash halved-plus
approved 2018-04-25; registry 2018-05-07; journal 2018 308232
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKAT STENSLAND & CO AS. Revenue 1.79m NOK → 515.2k NOK (-71.2%). Net result -21.6k NOK → -211.7k NOK. Equity 219.6k NOK → 7 860 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT STENSLAND & CO AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 793.3k NOK → 484.9k NOK (44% → 94% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.79m NOK to 515.2k NOK (-71.2% YoY). Calculated
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↓
Net result weakened
Net result -21.6k NOK → -211.7k NOK (net margin -1.2% → -41.1%). Calculated
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↓
Equity eroded
Book equity 219.6k NOK → 7 860 NOK (equity ratio 0.0% → 3.4%). Calculated
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↓
Cash fell
Bank deposits 485.8k NOK → 60.5k NOK (-87.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 862.4k NOK → 16.6k NOK (-98.1% YoY). Calculated