FirmaIQ
Org.nr 990 297 924 2018 → 2019 Year-over-year analysis

ADVOKATFIRMA METTEVOLL AS: årsregnskap 2019 vs 2018

Grew 11% on revenue

approved 2020-02-05; registry 2020-03-05; journal 2020 229639

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMA METTEVOLL AS. Revenue 1.40m NOK → 1.56m NOK (+11.3%). Net result +783.8k NOK → +754.5k NOK. Equity 236.9k NOK → 191.4k NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA METTEVOLL AS.

At a glance

Scorecard

Revenue
1.40m NOK 1.56m NOK
+11.3%
Operating result
+560.9k NOK +666.8k NOK
+18.9%
Net result
+783.8k NOK +754.5k NOK
-3.7%
Equity
236.9k NOK 191.4k NOK
-19.2%
Cash
718.3k NOK 819.5k NOK
+14.1%
Total assets
1.21m NOK 1.29m NOK
+6.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.40m NOK to 1.56m NOK (+11.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +560.9k NOK → +666.8k NOK (op. margin 40.1% → 42.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 718.3k NOK → 819.5k NOK (+14.1% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.74× → 12.92×. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 236.9k NOK → 191.4k NOK (equity ratio 19.5% → 14.9%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 409.8k NOK → 431.3k NOK (29% → 28% of revenue). Calculated