FirmaIQ
Org.nr 997 522 656 2018 → 2019 Year-over-year analysis

ADVOKATFIRMA FOLSERAAS AS: årsregnskap 2019 vs 2018

Shrank 15% on revenue, weaker earnings

approved 2020-03-05; registry 2020-03-09; journal 2020 234113

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMA FOLSERAAS AS. Revenue 2.10m NOK → 1.78m NOK (-15.3%). Net result +473.5k NOK → +184.0k NOK. Equity 766.8k NOK → 850.8k NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
2.10m NOK 1.78m NOK
-15.3%
Operating result
+614.6k NOK +234.1k NOK
-61.9%
Net result
+473.5k NOK +184.0k NOK
-61.1%
Equity
766.8k NOK 850.8k NOK
+11.0%
Cash
517.4k NOK 605.1k NOK
+16.9%
Total assets
1.16m NOK 1.21m NOK
+4.8%

What improved

  • ↑

    Equity strengthened

    Book equity 766.8k NOK → 850.8k NOK (equity ratio 66.2% → 70.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 517.4k NOK → 605.1k NOK (+16.9% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.10m NOK to 1.78m NOK (-15.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +614.6k NOK → +234.1k NOK (op. margin 29.2% → 13.1%). Calculated

  • ↓

    Net result weakened

    Net result +473.5k NOK → +184.0k NOK (net margin 22.5% → 10.3%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 936.4k NOK → 987.5k NOK (45% → 55% of revenue). Calculated