ADVOKATENE GRAASVOLD & STENVAAG AS: årsregnskap 2017 vs 2016
Weaker earnings, cash halved-plus
approved 2018-03-20; registry 2018-03-27; journal 2018 247132
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATENE GRAASVOLD & STENVAAG AS. Revenue 5.17m NOK → 4.97m NOK (-3.9%). Net result +579.7k NOK → +220.9k NOK. Equity 43.1k NOK → 64.0k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKATENE GRAASVOLD & STENVAAG AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 43.1k NOK → 64.0k NOK (equity ratio 2.3% → 4.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.17m NOK to 4.97m NOK (-3.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +746.0k NOK → +287.4k NOK (op. margin 14.4% → 5.8%). Calculated
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↓
Net result weakened
Net result +579.7k NOK → +220.9k NOK (net margin 11.2% → 4.4%). Calculated
-
↓
Cash fell
Bank deposits 768.6k NOK → 238.9k NOK (-68.9% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 3.00m NOK → 3.33m NOK (58% → 67% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 37.6k NOK → 32.1k NOK (-14.5% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 12.0k NOK → 15.0k NOK. Reported fact