ADVOKATFIRMA TJØNNDAL AS: årsregnskap 2019 vs 2018
Grew 16% on revenue, stronger earnings, cash halved-plus
approved 2020-04-07; registry 2020-04-25; journal 2020 309076
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMA TJØNNDAL AS. Revenue 3.14m NOK → 3.64m NOK (+16.1%). Net result +42.1k NOK → +326.0k NOK. Equity 1.34m NOK → 1.66m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA TJØNNDAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.14m NOK to 3.64m NOK (+16.1% YoY). Calculated
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Operating result improved
Operating result +32.4k NOK → +407.6k NOK (op. margin 1.0% → 11.2%). Calculated
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Net result improved
Net result +42.1k NOK → +326.0k NOK (net margin 1.3% → 8.9%). Calculated
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↑
Equity strengthened
Book equity 1.34m NOK → 1.66m NOK (equity ratio 10.1% → 56.2%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 12.64m NOK → 2.24m NOK (-82.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (12.64m NOK → 2.24m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 2.20m NOK → 2.32m NOK (70% → 64% of revenue). Calculated