ADVOKATFIRMA GRANDE, SYVERTSEN & CO AS: årsregnskap 2018 vs 2017
Shrank 155% on revenue, slipped into loss
approved 2019-05-31; registry 2019-06-18; journal 2019 468465
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMA GRANDE, SYVERTSEN & CO AS. Revenue 206.1k NOK → -113.7k NOK (-155.2%). Net result +2 017 NOK → -395.7k NOK. Equity 463.6k NOK → 11 NOK.
On the constructive side: cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMA GRANDE, SYVERTSEN & CO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits -4 570 NOK → 61.0k NOK (+1434.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 206.1k NOK to -113.7k NOK (-155.2% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 2 017 NOK profit to a loss of 395.7k NOK. Calculated
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↓
Equity eroded
Book equity 463.6k NOK → 11 NOK (equity ratio 59.9% → 0.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 47.1k NOK → 3.26m NOK. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation