ADVOKAT VIDAR SINDING AS: årsregnskap 2017 vs 2016
Grew 10% on revenue, slipped into loss, cash halved-plus
approved 2017-12-31; registry 2018-05-07; journal 2018 309872
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKAT VIDAR SINDING AS. Revenue 2.04m NOK → 2.25m NOK (+10.0%). Net result +247.2k NOK → -863.2k NOK. Equity 367.7k NOK → -495.6k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKAT VIDAR SINDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.04m NOK to 2.25m NOK (+10.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.91× → 9.72×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +300.5k NOK → -855.6k NOK (op. margin 14.7% → -38.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 247.2k NOK profit to a loss of 863.2k NOK. Calculated
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↓
Equity eroded
Book equity 367.7k NOK → -495.6k NOK (equity ratio 51.6% → -94.8%). Calculated
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↓
Cash fell
Bank deposits 104.5k NOK → 9 820 NOK (-90.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -94.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.73m NOK → 2.27m NOK (85% → 101% of revenue). Calculated
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COGS moved
COGS / varekostnad 20.7k NOK → 43.2k NOK (+108.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 61.5k NOK → 45.0k NOK. Reported fact