FirmaIQ
Org.nr 990 209 022 2018 → 2019 Year-over-year analysis

ADVOKATFIRMA ØGLÆND & CO AS: årsregnskap 2019 vs 2018

Weaker earnings, cash halved-plus

approved 2020-03-11; registry 2020-06-02; journal 2020 420156

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMA ØGLÆND & CO AS. Revenue 9.42m NOK → 9.02m NOK (-4.3%). Net result +866.7k NOK → +80.6k NOK. Equity 700.7k NOK → 781.3k NOK.

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

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATFIRMA ØGLÆND & CO AS.

At a glance

Scorecard

Revenue
9.42m NOK 9.02m NOK
-4.3%
Operating result
n/m +125.7k NOK
—
Net result
+866.7k NOK +80.6k NOK
-90.7%
Equity
700.7k NOK 781.3k NOK
+11.5%
Cash
1.02m NOK 395.3k NOK
-61.3%
Total assets
4.61m NOK 4.41m NOK
-4.5%

What improved

  • ↑

    Equity strengthened

    Book equity 700.7k NOK → 781.3k NOK (equity ratio 15.2% → 17.7%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 9.42m NOK to 9.02m NOK (-4.3% YoY). Calculated

  • ↓

    Net result weakened

    Net result +866.7k NOK → +80.6k NOK (net margin 9.2% → 0.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.02m NOK → 395.3k NOK (-61.3% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 6.46m NOK → 7.05m NOK (69% → 78% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.02m NOK → 395.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation