ADVOKAT TOM HERMANSEN AS: årsregnskap 2019 vs 2018
Shrank 36% on revenue, cash halved-plus
approved 2020-03-27; registry 2020-04-02; journal 2020 272828
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT TOM HERMANSEN AS. Revenue 1.55m NOK → 991.4k NOK (-35.9%). Equity 409.7k NOK → 290.4k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
1.55m NOK
991.4k NOK
-35.9%
Operating result
n/m
-148.0k NOK
—
Net result
n/m
-119.2k NOK
—
Equity
409.7k NOK
290.4k NOK
-29.1%
Cash
834.8k NOK
323.9k NOK
-61.2%
Total assets
122.3k NOK
613.3k NOK
+401.4%
What improved
-
↑
Current ratio back above 1×
Current ratio 0.05× → 1.55×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.55m NOK to 991.4k NOK (-35.9% YoY). Calculated
-
↓
Equity eroded
Book equity 409.7k NOK → 290.4k NOK (equity ratio 334.9% → 47.4%). Calculated
-
↓
Cash fell
Bank deposits 834.8k NOK → 323.9k NOK (-61.2% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.36m NOK → 2.88m NOK (88% → 290% of revenue). Calculated