ADVOKATENE GRAASVOLD & STENVAAG AS: årsregnskap 2018 vs 2017
Shrank 25% on revenue, stronger earnings
approved 2019-04-11; registry 2019-04-16; journal 2019 295273
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATENE GRAASVOLD & STENVAAG AS. Revenue 4.97m NOK → 3.74m NOK (-24.8%). Net result +220.9k NOK → +297.0k NOK. Equity 64.0k NOK → 1.26m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
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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↑
Operating result improved
Operating result +287.4k NOK → +391.8k NOK (op. margin 5.8% → 10.5%). Calculated
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Net result improved
Net result +220.9k NOK → +297.0k NOK (net margin 4.4% → 7.9%). Calculated
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Equity strengthened
Book equity 64.0k NOK → 1.26m NOK (equity ratio 4.8% → 86.5%). Calculated
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Payroll decreased
Salary cost 3.33m NOK → 2.27m NOK (67% → 61% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.97m NOK to 3.74m NOK (-24.8% YoY). Calculated
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↓
Cash fell
Bank deposits 238.9k NOK → 207.6k NOK (-13.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 32.1k NOK → 9 525 NOK (-70.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 15.0k NOK → 8 NOK. Reported fact