FirmaIQ
Org.nr 989 228 226 2018 → 2019 Year-over-year analysis

ADVOKAT TORE SVEEN AS: årsregnskap 2019 vs 2018

Shrank 38% on revenue, stronger earnings

approved 2020-08-12; registry 2020-08-15; journal 2020 674454

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKAT TORE SVEEN AS. Revenue 416.6k NOK → 259.7k NOK (-37.7%). Net result +752.3k NOK → +997.0k NOK. Equity 3.13m NOK → 5.25m NOK.

On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT TORE SVEEN AS.

At a glance

Scorecard

Revenue
416.6k NOK 259.7k NOK
-37.7%
Operating result
+266.1k NOK +116.7k NOK
-56.1%
Net result
+752.3k NOK +997.0k NOK
+32.5%
Equity
3.13m NOK 5.25m NOK
+67.5%
Cash
88.9k NOK 199.5k NOK
+124.4%
Total assets
6.71m NOK 7.95m NOK
+18.4%

What improved

  • ↑

    Net result improved

    Net result +752.3k NOK → +997.0k NOK (net margin 180.6% → 383.9%). Calculated

  • ↑

    Equity strengthened

    Book equity 3.13m NOK → 5.25m NOK (equity ratio 46.7% → 66.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 88.9k NOK → 199.5k NOK (+124.4% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 416.6k NOK to 259.7k NOK (-37.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +266.1k NOK → +116.7k NOK (op. margin 63.9% → 44.9%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 241.4k NOK → 102.5k NOK. Reported fact