ADVOKATFIRMA ENGENES AS: årsregnskap 2019 vs 2018
Shrank 6% on revenue, stronger earnings
approved 2020-04-16; registry 2020-05-06; journal 2020 329684
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMA ENGENES AS. Revenue 4.71m NOK → 4.44m NOK (-5.5%). Net result +1 109 NOK → +969.2k NOK. Equity 209.5k NOK → 218.8k NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; current ratio dropped below 1×; cogs moved.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Net result improved
Net result +1 109 NOK → +969.2k NOK (net margin 0.0% → 21.8%). Calculated
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Equity strengthened
Book equity 209.5k NOK → 218.8k NOK (equity ratio 8.4% → 8.9%). Calculated
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Cash rose
Bank deposits 6 NOK → 421.9k NOK (+7030900.0% YoY). Calculated
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Payroll decreased
Salary cost 2.10m NOK → 1.94m NOK (45% → 44% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.71m NOK to 4.44m NOK (-5.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.05× → 0.19× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 227.4k NOK → 421.0k NOK (+85.1% YoY). Calculated