ADVOKATFIRMA GEIRR FRØNES AS: årsregnskap 2018 vs 2017
Weaker earnings
approved 2019-04-29; registry 2019-05-02; journal 2019 326469
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMA GEIRR FRØNES AS. Revenue 3.13m NOK → 3.00m NOK (-3.9%). Net result +428.5k NOK → +204.0k NOK. Equity 934.1k NOK → 988.1k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 934.1k NOK → 988.1k NOK (equity ratio 183.2% → 69.3%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.79× → 3.11×. Calculated
-
↑
Payroll decreased
Salary cost 1.92m NOK → 1.91m NOK (61% → 64% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.13m NOK to 3.00m NOK (-3.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +536.5k NOK → +240.7k NOK (op. margin 17.2% → 8.0%). Calculated
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↓
Net result weakened
Net result +428.5k NOK → +204.0k NOK (net margin 13.7% → 6.8%). Calculated
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↓
Cash fell
Bank deposits 630.1k NOK → 548.0k NOK (-13.0% YoY). Calculated