ADVOKATFIRMA TINGMANN AS: årsregnskap 2019 vs 2018
Grew 12% on revenue, weaker earnings, cash halved-plus
approved 2020-05-28; registry 2020-06-02; journal 2020 420350
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMA TINGMANN AS. Revenue 10.70m NOK → 11.98m NOK (+12.0%). Net result +465.5k NOK → +200.6k NOK. Equity 1.15m NOK → 1.35m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA TINGMANN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 10.70m NOK to 11.98m NOK (+12.0% YoY). Calculated
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↑
Equity strengthened
Book equity 1.15m NOK → 1.35m NOK (equity ratio 27.4% → 33.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +711.9k NOK → +266.4k NOK (op. margin 6.7% → 2.2%). Calculated
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↓
Net result weakened
Net result +465.5k NOK → +200.6k NOK (net margin 4.4% → 1.7%). Calculated
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↓
Cash fell
Bank deposits 366.7k NOK → 107.3k NOK (-70.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 6.71m NOK → 8.20m NOK (63% → 68% of revenue). Calculated