ADVOKAT VIDAR SINDING AS: årsregnskap 2019 vs 2018
Grew 14% on revenue, cash halved-plus
approved 2020-06-25; registry 2020-06-29; journal 2020 530357
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT VIDAR SINDING AS. Revenue 2.40m NOK → 2.74m NOK (+14.2%). Equity 181.9k NOK → -200.3k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
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 2.40m NOK to 2.74m NOK (+14.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 181.9k NOK → -200.3k NOK (equity ratio 29.5% → -38.2%). Calculated
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↓
Cash fell
Bank deposits 185.0k NOK → 35.7k NOK (-80.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -38.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.24m NOK → 2.63m NOK (52% → 96% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 21.1k NOK → 32.8k NOK (+55.8% YoY). Calculated