ADVOKATFIRMA GRUNDEKJØN & CO AS: årsregnskap 2017 vs 2016
Grew 42% on revenue, cash halved-plus
approved 2018-04-25; registry 2018-05-08; journal 2018 316747
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMA GRUNDEKJØN & CO AS. Revenue 210.5k NOK → 299.5k NOK (+42.3%). Equity 110.4k NOK → -7 213 NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA GRUNDEKJØN & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 210.5k NOK to 299.5k NOK (+42.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 110.4k NOK → -7 213 NOK (equity ratio 64.2% → -4.9%). Calculated
-
↓
Cash fell
Bank deposits 51.7k NOK → 15.9k NOK (-69.3% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.59× → 0.68× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost -32.0k NOK → 178.6k NOK (-15% → 60% of revenue). Calculated