FirmaIQ
Org.nr 994 298 380 2018 → 2019 Year-over-year analysis

ADVOKATFIRMA MOEN ERIKSTEIN AS: årsregnskap 2019 vs 2018

Shrank 11% on revenue, cash halved-plus

approved 2020-05-27; registry 2020-05-30; journal 2020 406729

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMA MOEN ERIKSTEIN AS. Revenue 3.25m NOK → 2.89m NOK (-11.1%). Net result +511.2k NOK → +488.5k NOK. Equity 10.27m NOK → 10.76m NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA MOEN ERIKSTEIN AS.

At a glance

Scorecard

Revenue
3.25m NOK 2.89m NOK
-11.1%
Operating result
+419.9k NOK +402.8k NOK
-4.1%
Net result
+511.2k NOK +488.5k NOK
-4.4%
Equity
10.27m NOK 10.76m NOK
+4.8%
Cash
3.31m NOK 664.8k NOK
-79.9%
Total assets
10.86m NOK 11.33m NOK
+4.3%

What improved

  • ↑

    Equity strengthened

    Book equity 10.27m NOK → 10.76m NOK (equity ratio 94.6% → 95.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.57m NOK → 1.44m NOK (48% → 50% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.25m NOK to 2.89m NOK (-11.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +419.9k NOK → +402.8k NOK (op. margin 12.9% → 13.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.31m NOK → 664.8k NOK (-79.9% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (3.31m NOK → 664.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 5.75m NOK → 8.15m NOK. Reported fact