ADVOKATFIRMA RUNE H ERIKSEN AS: årsregnskap 2018 vs 2017
Grew 83% on revenue, stronger earnings, cash halved-plus
approved 2019-03-20; registry 2019-06-08; journal 2019 489746
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMA RUNE H ERIKSEN AS. Revenue 1.94m NOK → 3.55m NOK (+82.9%). Net result +564.5k NOK → +729.2k NOK. Equity 559.4k NOK → 568.6k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA RUNE H ERIKSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.94m NOK to 3.55m NOK (+82.9% YoY). Calculated
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↑
Net result improved
Net result +564.5k NOK → +729.2k NOK (net margin 29.1% → 20.6%). Calculated
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↑
Equity strengthened
Book equity 559.4k NOK → 568.6k NOK (equity ratio 37.1% → 17.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +707.9k NOK → +258.5k NOK (op. margin 36.5% → 7.3%). Calculated
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↓
Cash fell
Bank deposits 879.5k NOK → 62.0k NOK (-92.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 866.9k NOK → 883.0k NOK (45% → 25% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 71.8k NOK → 43.5k NOK (-39.3% YoY). Calculated