FirmaIQ
Org.nr 913 857 372 2018 → 2019 Year-over-year analysis

ADVOKATFIRMA MÆLAND & CO AS: årsregnskap 2019 vs 2018

Shrank 6% on revenue, weaker earnings

approved 2020-05-29; registry 2020-06-02; journal 2020 421646

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMA MÆLAND & CO AS. Revenue 6.19m NOK → 5.80m NOK (-6.4%). Net result +1.74m NOK → +1.01m NOK. Equity 4.52m NOK → 5.53m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
6.19m NOK 5.80m NOK
-6.4%
Operating result
n/m +1.26m NOK
—
Net result
+1.74m NOK +1.01m NOK
-41.8%
Equity
4.52m NOK 5.53m NOK
+22.4%
Total assets
7.42m NOK 8.10m NOK
+9.2%

What improved

  • ↑

    Equity strengthened

    Book equity 4.52m NOK → 5.53m NOK (equity ratio 60.9% → 68.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.19m NOK to 5.80m NOK (-6.4% YoY). Calculated

  • ↓

    Net result weakened

    Net result +1.74m NOK → +1.01m NOK (net margin 28.1% → 17.5%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.31m NOK → 2.87m NOK (37% → 49% of revenue). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 170.4k NOK → 214.5k NOK (+25.9% YoY). Calculated