ADVOKAT WENCHE LØSET AS: årsregnskap 2018 vs 2017
Grew 1478% on revenue, stronger earnings
approved 2019-04-02; registry 2019-04-08; journal 2019 273158
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT WENCHE LØSET AS. Revenue 312.8k NOK → 4.94m NOK (+1477.6%). Net result +95.3k NOK → +7.51m NOK. Equity 546.7k NOK → 783.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKAT WENCHE LØSET AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 312.8k NOK to 4.94m NOK (+1477.6% YoY). Calculated
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Operating result improved
Operating result +121.3k NOK → +663.4k NOK (op. margin 38.8% → 13.4%). Calculated
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Net result improved
Net result +95.3k NOK → +7.51m NOK (net margin 30.5% → 152.2%). Calculated
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Equity strengthened
Book equity 546.7k NOK → 783.5k NOK (equity ratio 74.3% → 848.1%). Calculated
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Cash rose
Bank deposits 555.8k NOK → 942.8k NOK (+69.7% YoY). Calculated
What deteriorated
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Current ratio dropped below 1×
Current ratio 3.90× → 0.21× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 765.8k NOK → 780.2k NOK (245% → 16% of revenue). Calculated
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Book investments changed
Investment / intangible book value 19.8k NOK → 28.2k NOK. Reported fact