ADVOKAT VIDAR BROBAKKEN AS: årsregnskap 2018 vs 2017
Shrank 78% on revenue, stronger earnings
approved 2019-04-09; registry 2019-04-23; journal 2019 303270
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT VIDAR BROBAKKEN AS. Revenue 1.43m NOK → 316.5k NOK (-77.8%). Net result +71.2k NOK → +169.8k NOK. Equity 240.6k NOK → 247.3k NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT VIDAR BROBAKKEN AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +71.2k NOK → +169.8k NOK (net margin 5.0% → 53.7%). Calculated
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Equity strengthened
Book equity 240.6k NOK → 247.3k NOK (equity ratio 29.6% → 37.6%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.43m NOK to 316.5k NOK (-77.8% YoY). Calculated
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Cash fell
Bank deposits 35.3k NOK → 25.2k NOK (-28.6% YoY). Calculated
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Payroll up without matching revenue
Salary cost 686.2k NOK → 723.7k NOK (48% → 229% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 8 461 NOK → 1 745 NOK (-79.4% YoY). Calculated