ADVOKAT STENSLAND & CO AS: årsregnskap 2019 vs 2018
Shrank 41% on revenue
approved 2020-02-15; registry 2020-02-25; journal 2020 217847
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT STENSLAND & CO AS. Revenue 603.1k NOK → 358.8k NOK (-40.5%). Net result +257.6k NOK → +242.9k NOK. Equity 4.27m NOK → 508.4k NOK.
On the constructive side: operating result improved; cash rose. 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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Operating result improved
Operating result +265.5k NOK → +311.2k NOK (op. margin 44.0% → 86.7%). Calculated
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Cash rose
Bank deposits 176.1k NOK → 724.7k NOK (+311.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 603.1k NOK to 358.8k NOK (-40.5% YoY). Calculated
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↓
Net result weakened
Net result +257.6k NOK → +242.9k NOK (net margin 42.7% → 67.7%). Calculated
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↓
Equity eroded
Book equity 4.27m NOK → 508.4k NOK (equity ratio 870.3% → 59.1%). Calculated
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↓
Payroll up without matching revenue
Salary cost 167.3k NOK → 732.2k NOK (28% → 204% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 20.4k NOK → 9 083 NOK (-55.4% YoY). Calculated