ADVOKATENE CLEMETSEN & MOHAMMAD AS: årsregnskap 2019 vs 2018
Grew 37% on revenue, stronger earnings
approved 2020-11-09; registry 2020-11-11; journal 2020 967021
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATENE CLEMETSEN & MOHAMMAD AS. Revenue 2.31m NOK → 3.16m NOK (+37.1%). Net result +3 304 NOK → +199.0k NOK. Equity 301.0k NOK → 500.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; 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 2.31m NOK to 3.16m NOK (+37.1% YoY). Calculated
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↑
Operating result improved
Operating result +8 402 NOK → +313.0k NOK (op. margin 0.4% → 9.9%). Calculated
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↑
Net result improved
Net result +3 304 NOK → +199.0k NOK (net margin 0.1% → 6.3%). Calculated
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↑
Equity strengthened
Book equity 301.0k NOK → 500.5k NOK (equity ratio 411.7% → 51.7%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 708.3k NOK → 603.5k NOK (-14.8% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.22m NOK → 1.46m NOK (53% → 46% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 35.7k NOK → 1 500 NOK. Reported fact