ADVOKATENE CLEMETSEN & MOHAMMAD AS: årsregnskap 2018 vs 2017
Grew 53% on revenue, weaker earnings
approved 2019-06-27; registry 2019-07-02; journal 2019 630959
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATENE CLEMETSEN & MOHAMMAD AS. Revenue 1.51m NOK → 2.31m NOK (+52.9%). Net result +6.11m NOK → +3 304 NOK. Equity 303.3k NOK → 301.0k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATENE CLEMETSEN & MOHAMMAD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.51m NOK to 2.31m NOK (+52.9% YoY). Calculated
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↑
Cash rose
Bank deposits 273.0k NOK → 708.3k NOK (+159.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.78m NOK → 1.22m NOK (184% → 53% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +143.5k NOK → +8 402 NOK (op. margin 9.5% → 0.4%). Calculated
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↓
Net result weakened
Net result +6.11m NOK → +3 304 NOK (net margin 404.8% → 0.1%). Calculated
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↓
Equity eroded
Book equity 303.3k NOK → 301.0k NOK (equity ratio 51.5% → 411.7%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 76.5k NOK → 35.7k NOK. Reported fact