ADVOKATENE PÅ ST. OLAVS PLASS AS: årsregnskap 2018 vs 2017
Grew 770% on revenue, slipped into loss
approved 2019-02-28; registry 2019-07-03; journal 2019 598640
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATENE PÅ ST. OLAVS PLASS AS. Revenue 125.4k NOK → 1.09m NOK (+769.8%). Net result +168.2k NOK → -14.1k NOK. Equity 25.0k NOK → 10.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATENE PÅ ST. OLAVS PLASS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 125.4k NOK to 1.09m NOK (+769.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +101.2k NOK → -13.7k NOK (op. margin 80.7% → -1.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 168.2k NOK profit to a loss of 14.1k NOK. Calculated
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↓
Equity eroded
Book equity 25.0k NOK → 10.9k NOK (equity ratio 7.1% → 3.7%). Calculated
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↓
Cash fell
Bank deposits 294.5k NOK → 255.0k NOK (-13.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation