ADVOKATFIRMA KRANE AS: årsregnskap 2019 vs 2018
Shrank 96% on revenue, weaker earnings
approved 2020-03-05; registry 2020-04-22; journal 2020 303243
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMA KRANE AS. Revenue 984.2k NOK → 37.9k NOK (-96.2%). Net result -30.7k NOK → -46.2k NOK. Equity 132.7k NOK → 86.6k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 136.0k NOK → 174.3k NOK (+28.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 703.1k NOK → 3 NOK (71% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 984.2k NOK to 37.9k NOK (-96.2% YoY). Calculated
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↓
Operating result weakened
Operating result -30.8k NOK → -47.5k NOK (op. margin -3.1% → -125.3%). Calculated
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↓
Net result weakened
Net result -30.7k NOK → -46.2k NOK (net margin -3.1% → -121.9%). Calculated
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↓
Equity eroded
Book equity 132.7k NOK → 86.6k NOK (equity ratio 50.8% → 27.8%). Calculated
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↓
COGS moved
COGS / varekostnad -9 752 NOK → 9 551 NOK (+197.9% YoY). Calculated