ADVOKAT VEST AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue, cash halved-plus
approved 2019-06-30; registry 2019-08-05; journal 2019 867506
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT VEST AS. Revenue 170.0k NOK → 535 NOK (-99.7%). Net result -2 213 NOK → -1 987 NOK. Equity 21.0k NOK → 19.0k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT VEST AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +3 652 NOK → +14.8k NOK (op. margin 2.1% → 2775.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 170.0k NOK to 535 NOK (-99.7% YoY). Calculated
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↓
Equity eroded
Book equity 21.0k NOK → 19.0k NOK (equity ratio 5.8% → 5.0%). Calculated
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↓
Cash fell
Bank deposits 249.5k NOK → 6 474 NOK (-97.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation