ADVOKATFIRMA SØLVERUD AS: årsregnskap 2019 vs 2018
Grew 40% on revenue, stronger earnings
approved 2020-05-29; registry 2020-06-02; journal 2020 422352
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMA SØLVERUD AS. Revenue 3.35m NOK → 4.68m NOK (+39.6%). Net result -194.3k NOK → -59.4k NOK. Equity 53.82m NOK → -5 535 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMA SØLVERUD AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 3.35m NOK to 4.68m NOK (+39.6% YoY). Calculated
-
↑
Operating result improved
Operating result -196.4k NOK → -57.9k NOK (op. margin -5.9% → -1.2%). Calculated
-
↑
Net result improved
Net result -194.3k NOK → -59.4k NOK (net margin -5.8% → -1.3%). Calculated
-
↑
Cash rose
Bank deposits 251.3k NOK → 617.4k NOK (+145.7% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 53.82m NOK → -5 535 NOK (equity ratio 5041.3% → -0.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 71.19× → 0.17× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 2.85m NOK → 3.53m NOK (85% → 76% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 3 825 NOK → 31.0k NOK (+711.6% YoY). Calculated