ADVOKATFIRMA STACOM AS: årsregnskap 2018 vs 2017
Shrank 47% on revenue, slipped into loss, cash halved-plus
approved 2019-07-02; registry 2019-07-10; journal 2019 680709
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMA STACOM AS. Revenue 200.1k NOK → 106.0k NOK (-47.0%). Net result +93.2k NOK → -119.1k NOK. Equity -313.0k NOK → -432.1k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMA STACOM AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 200.1k NOK to 106.0k NOK (-47.0% YoY). Calculated
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Operating result weakened
Operating result +132.4k NOK → -79.2k NOK (op. margin 66.2% → -74.7%). Calculated
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Fell into a net loss
Net result flipped from 93.2k NOK profit to a loss of 119.1k NOK. Calculated
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Equity eroded
Book equity -313.0k NOK → -432.1k NOK (equity ratio -176.4% → -417.5%). Calculated
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Cash fell
Bank deposits 57.0k NOK → 3 500 NOK (-93.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -417.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation