ADVOKATDIREKTE AS: årsregnskap 2019 vs 2018
Grew 33% on revenue, stronger earnings, cash halved-plus
approved 2020-05-26; registry 2020-05-30; journal 2020 408205
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATDIREKTE AS. Revenue 2.71m NOK → 3.60m NOK (+33.1%). Net result +130.1k NOK → +803.39m NOK. Equity 501.9k NOK → 305.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADVOKATDIREKTE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.71m NOK to 3.60m NOK (+33.1% YoY). Calculated
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Operating result improved
Operating result +297.7k NOK → +1.22m NOK (op. margin 11.0% → 34.0%). Calculated
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Net result improved
Net result +130.1k NOK → +803.39m NOK (net margin 4.8% → 22316.4%). Calculated
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Payroll decreased
Salary cost 1.28m NOK → 1 NOK (47% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 501.9k NOK → 305.3k NOK (equity ratio 32.1% → 3.8%). Calculated
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↓
Cash fell
Bank deposits 598.4k NOK → 197.2k NOK (-67.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.05× → 0.87× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 20.8k NOK → 75.5k NOK (+262.7% YoY). Calculated