ADVOKATFELLESSKAPET TORGET 1 AS: årsregnskap 2018 vs 2017
Shrank 43% on revenue, stronger earnings, cash halved-plus
approved 2019-06-28; registry 2019-07-30; journal 2019 821908
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFELLESSKAPET TORGET 1 AS. Revenue 946.3k NOK → 544.0k NOK (-42.5%). Net result +58.5k NOK → +128.9k NOK. Equity 76.7k NOK → -52.2k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFELLESSKAPET TORGET 1 AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +58.5k NOK → +128.9k NOK (net margin 6.2% → 23.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 946.3k NOK to 544.0k NOK (-42.5% YoY). Calculated
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↓
Equity eroded
Book equity 76.7k NOK → -52.2k NOK (equity ratio 53.8% → -70.5%). Calculated
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↓
Cash fell
Bank deposits 700.7k NOK → 1 828 NOK (-99.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.94× → 0.58× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -70.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation