ADVOKATENE GRAASVOLD & STENVAAG AS: årsregnskap 2019 vs 2018
Grew 8% on revenue, stronger earnings
approved 2020-04-24; registry 2020-05-02; journal 2020 323073
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATENE GRAASVOLD & STENVAAG AS. Revenue 3.74m NOK → 4.05m NOK (+8.3%). Net result +297.0k NOK → +380.3k NOK. Equity 1.26m NOK → 341.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; 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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Revenue rose
Operating income / revenue moved from 3.74m NOK to 4.05m NOK (+8.3% YoY). Calculated
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Operating result improved
Operating result +391.8k NOK → +505.1k NOK (op. margin 10.5% → 12.5%). Calculated
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Net result improved
Net result +297.0k NOK → +380.3k NOK (net margin 7.9% → 9.4%). Calculated
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Cash rose
Bank deposits 207.6k NOK → 1.42m NOK (+584.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.26m NOK → 341.3k NOK (equity ratio 86.5% → 11.1%). Calculated
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Current ratio dropped below 1×
Current ratio 1.21× → 0.73× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 2.27m NOK → 2.38m NOK (61% → 59% of revenue). Calculated
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COGS moved
COGS / varekostnad 9 525 NOK → 28.0k NOK (+193.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 8 NOK → 15.0k NOK. Reported fact