ADVOKAT TROND BITI AS: årsregnskap 2018 vs 2017
Shrank 15% on revenue
approved 2019-03-08; registry 2019-03-11; journal 2019 232706
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT TROND BITI AS. Revenue 2.32m NOK → 1.96m NOK (-15.4%). Equity 70.9k NOK → 21.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKAT TROND BITI AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 428.4k NOK → 830.6k NOK (+93.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.32m NOK to 1.96m NOK (-15.4% YoY). Calculated
-
↓
Equity eroded
Book equity 70.9k NOK → 21.8k NOK (equity ratio 8.5% → 1.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 19.4k NOK → 11.4k NOK (-41.0% YoY). Calculated