ADVOKAT WENCHE LØSET AS: årsregnskap 2019 vs 2018
Shrank 74% on revenue, weaker earnings, cash halved-plus
approved 2020-03-31; registry 2020-04-07; journal 2020 282144
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT WENCHE LØSET AS. Revenue 4.94m NOK → 1.31m NOK (-73.6%). Net result +7.51m NOK → +7 756 NOK. Equity 783.5k NOK → 421.3k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.21× → 2.82×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.94m NOK to 1.31m NOK (-73.6% YoY). Calculated
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↓
Operating result weakened
Operating result +663.4k NOK → +6 621 NOK (op. margin 13.4% → 0.5%). Calculated
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↓
Net result weakened
Net result +7.51m NOK → +7 756 NOK (net margin 152.2% → 0.6%). Calculated
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↓
Equity eroded
Book equity 783.5k NOK → 421.3k NOK (equity ratio 848.1% → 64.6%). Calculated
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↓
Cash fell
Bank deposits 942.8k NOK → 407.9k NOK (-56.7% YoY). Calculated