ADVOKATENE I VALDRES AS: årsregnskap 2017 vs 2016
Cash halved-plus
approved 2018-04-30; registry 2018-07-28; journal 2018 801140
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATENE I VALDRES AS. Revenue 835.6k NOK → 795.0k NOK (-4.9%). Equity -89.9k NOK → -118.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATENE I VALDRES AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 423.0k NOK → 399.8k NOK (51% → 50% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 835.6k NOK to 795.0k NOK (-4.9% YoY). Calculated
-
↓
Operating result weakened
Operating result -24.5k NOK → -29.1k NOK (op. margin -2.9% → -3.7%). Calculated
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↓
Equity eroded
Book equity -89.9k NOK → -118.4k NOK (equity ratio -103.4% → -223.4%). Calculated
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↓
Cash fell
Bank deposits 86.9k NOK → 13.7k NOK (-84.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -223.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation