ADVOKATFIRMA ARE JOHNSEN AS: årsregnskap 2019 vs 2018
Grew 38% on revenue, returned to profit
approved 2020-04-01; registry 2020-04-14; journal 2020 286780
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMA ARE JOHNSEN AS. Revenue 1.53m NOK → 2.11m NOK (+37.9%). Net result -92.7k NOK → +112.8k NOK. Equity 191.4k NOK → 154.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMA ARE JOHNSEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.53m NOK to 2.11m NOK (+37.9% YoY). Calculated
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Operating result improved
Operating result -115.5k NOK → +138.5k NOK (op. margin -7.5% → 6.6%). Calculated
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Turned profitable
Net result flipped from a loss of 92.7k NOK to a profit of 112.8k NOK. Calculated
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Cash rose
Bank deposits 121.7k NOK → 265.4k NOK (+118.1% YoY). Calculated
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Payroll decreased
Salary cost 1.96m NOK → 1.28m NOK (128% → 60% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 191.4k NOK → 154.2k NOK (equity ratio 40.7% → 27.8%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 805.0k NOK → 655.0k NOK — check capital reduction, conversion, or reclassification. Interpretation