ADVOKAT24 AS: årsregnskap 2019 vs 2018
Grew 17% on revenue
approved 2020-05-29; registry 2020-06-03; journal 2020 423719
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT24 AS. Revenue 6.50m NOK → 7.63m NOK (+17.3%). Equity 9.79m NOK → 10 NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT24 AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.50m NOK to 7.63m NOK (+17.3% YoY). Calculated
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↑
Operating result improved
Operating result -610.8k NOK → +162.3k NOK (op. margin -9.4% → 2.1%). Calculated
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↑
Cash rose
Bank deposits 306.4k NOK → 611.1k NOK (+99.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.35m NOK → 4.20m NOK (67% → 55% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 9.79m NOK → 10 NOK (equity ratio 193.7% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation