ADVOKATFIRMA GRANDE, SYVERTSEN & CO AS: årsregnskap 2019 vs 2018
Shrank 287% on revenue, returned to profit, cash halved-plus
approved 2020-04-29; registry 2020-10-03; journal 2020 893554
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMA GRANDE, SYVERTSEN & CO AS. Revenue -113.7k NOK → -440.3k NOK (-287.2%). Net result -395.7k NOK → +152.2k NOK. Equity 11 NOK → 8.61m NOK.
On the constructive side: turned profitable; equity strengthened; owners injected capital. Pressures included: revenue fell; cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 395.7k NOK to a profit of 152.2k NOK. Calculated
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↑
Equity strengthened
Book equity 11 NOK → 8.61m NOK (equity ratio 0.0% → 1360.5%). Calculated
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Owners injected capital
Paid-in equity rose 15.9k NOK → 420.0k NOK (+404.1k NOK). Reported fact
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Payroll decreased
Salary cost 3.26m NOK → 1 257 NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from -113.7k NOK to -440.3k NOK (-287.2% YoY). Calculated
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↓
Cash fell
Bank deposits 61.0k NOK → 21.5k NOK (-64.7% YoY). Calculated