ADVOKATFIRMA ENGENES AS: årsregnskap 2018 vs 2017
Grew 6% on revenue, weaker earnings, cash halved-plus
approved 2019-04-04; registry 2019-04-16; journal 2019 288591
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMA ENGENES AS. Revenue 4.42m NOK → 4.71m NOK (+6.5%). Net result +776.5k NOK → +1 109 NOK. Equity 200.1k NOK → 209.5k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA ENGENES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.42m NOK to 4.71m NOK (+6.5% YoY). Calculated
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↑
Equity strengthened
Book equity 200.1k NOK → 209.5k NOK (equity ratio 8.5% → 8.4%). Calculated
What deteriorated
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↓
Net result weakened
Net result +776.5k NOK → +1 109 NOK (net margin 17.6% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 6.83m NOK → 6 NOK (-100.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (6.83m NOK → 6 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 2.07m NOK → 2.10m NOK (47% → 45% of revenue). Calculated
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COGS fell
COGS / varekostnad 311.3k NOK → 227.4k NOK (-26.9% YoY). Calculated