FirmaIQ
Org.nr 994 267 256 2017 → 2018 Year-over-year analysis

ADVOKATENE SVEEN AS: årsregnskap 2018 vs 2017

Shrank 14% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVOKATENE SVEEN AS. Revenue 3.37m NOK → 2.90m NOK (-13.7%). Net result +389.6k NOK → +214.6k NOK. Equity 849.8k NOK → 64.3k NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATENE SVEEN AS.

At a glance

Scorecard

Revenue
3.37m NOK 2.90m NOK
-13.7%
Operating result
+532.0k NOK +217.7k NOK
-59.1%
Net result
+389.6k NOK +214.6k NOK
-44.9%
Equity
849.8k NOK 64.3k NOK
-92.4%
Cash
144.7k NOK 150.9k NOK
+4.3%
Total assets
1.51m NOK 1.69m NOK
+11.8%

What improved

  • ↑

    Cash rose

    Bank deposits 144.7k NOK → 150.9k NOK (+4.3% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.95m NOK → 1.91m NOK (58% → 66% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.37m NOK to 2.90m NOK (-13.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +532.0k NOK → +217.7k NOK (op. margin 15.8% → 7.5%). Calculated

  • ↓

    Net result weakened

    Net result +389.6k NOK → +214.6k NOK (net margin 11.6% → 7.4%). Calculated

  • ↓

    Equity eroded

    Book equity 849.8k NOK → 64.3k NOK (equity ratio 56.3% → 3.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation