ADVOKAT TOR RIKARD EVENSEN AS: årsregnskap 2019 vs 2018
Grew 7% on revenue
approved 2020-05-28; registry 2020-06-02; journal 2020 418706
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT TOR RIKARD EVENSEN AS. Revenue 2.38m NOK → 2.55m NOK (+7.1%). Net result +376.9k NOK → +413.0k NOK. Equity 591.7k NOK → 583.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVOKAT TOR RIKARD EVENSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.38m NOK to 2.55m NOK (+7.1% YoY). Calculated
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Operating result improved
Operating result +490.9k NOK → +530.4k NOK (op. margin 20.6% → 20.8%). Calculated
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Net result improved
Net result +376.9k NOK → +413.0k NOK (net margin 15.8% → 16.2%). Calculated
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Cash rose
Bank deposits 105.1k NOK → 152.4k NOK (+45.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 591.7k NOK → 583.2k NOK (equity ratio 59.9% → 5486.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.47× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 391.0k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 1.50m NOK → 1.61m NOK (63% → 63% of revenue). Calculated