FirmaIQ
Org.nr 999 277 853 2016 → 2017 Year-over-year analysis

ADVOKATFIRMA ENGENES AS: årsregnskap 2017 vs 2016

Shrank 30% on revenue, weaker earnings

approved 2018-03-12; registry 2018-03-20; journal 2018 238877

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMA ENGENES AS. Revenue 6.29m NOK → 4.42m NOK (-29.8%). Net result +1.96m NOK → +776.5k NOK. Equity 203.6k NOK → 200.1k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA ENGENES AS.

At a glance

Scorecard

Revenue
6.29m NOK 4.42m NOK
-29.8%
Operating result
+2.62m NOK n/m
—
Net result
+1.96m NOK +776.5k NOK
-60.5%
Equity
203.6k NOK 200.1k NOK
-1.7%
Cash
1.66m NOK 6.83m NOK
+310.7%
Total assets
3.58m NOK 2.36m NOK
-34.1%

What improved

  • ↑

    Cash rose

    Bank deposits 1.66m NOK → 6.83m NOK (+310.7% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.29m NOK to 4.42m NOK (-29.8% YoY). Calculated

  • ↓

    Net result weakened

    Net result +1.96m NOK → +776.5k NOK (net margin 31.2% → 17.6%). Calculated

  • ↓

    Equity eroded

    Book equity 203.6k NOK → 200.1k NOK (equity ratio 5.7% → 8.5%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.06m NOK → 2.07m NOK (33% → 47% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 514.1k NOK → 311.3k NOK (-39.5% YoY). Calculated