ADVOKATFIRMA RIISØEN AS: årsregnskap 2017 vs 2016
Grew 14% on revenue, stronger earnings
approved 2018-04-30; registry 2018-05-08; journal 2018 317503
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMA RIISØEN AS. Revenue 1.66m NOK → 1.89m NOK (+13.8%). Net result +233.0k NOK → +520.9k NOK. Equity 559.4k NOK → 80.2k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA RIISØEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.66m NOK to 1.89m NOK (+13.8% YoY). Calculated
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Net result improved
Net result +233.0k NOK → +520.9k NOK (net margin 14.1% → 27.6%). Calculated
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Cash rose
Bank deposits 578.2k NOK → 733.9k NOK (+26.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.10× → 2.62×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 559.4k NOK → 80.2k NOK (equity ratio 1150.3% → 4.9%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 7 931 NOK → 1.78m NOK (0% → 94% of revenue). Calculated