ADVOKATFIRMA ØKSETER AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue, weaker earnings
approved 2019-06-07; registry 2019-07-31; journal 2019 826652
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMA ØKSETER AS. Revenue 13.5k NOK → 0 NOK (-100.0%). Net result -4 248 NOK → -25.3k NOK. Equity 53.2k NOK → 27.9k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA ØKSETER AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 9 383 NOK → 14.3k NOK (+52.2% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.07× → 22528.50×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 13.5k NOK to 0 NOK (-100.0% YoY). Calculated
-
↓
Operating result weakened
Operating result -13.3k NOK → -23.1k NOK. Calculated
-
↓
Net result weakened
Net result -4 248 NOK → -25.3k NOK. Calculated
-
↓
Equity eroded
Book equity 53.2k NOK → 27.9k NOK (equity ratio 100.0% → 1.9%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 20.0k NOK → 4 NOK. Reported fact