ADVOKATFIRMA WÅLAND AS: årsregnskap 2019 vs 2018
Grew 465% on revenue, weaker earnings, cash halved-plus
approved 2020-05-22; registry 2020-05-30; journal 2020 405733
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMA WÅLAND AS. Revenue 826.3k NOK → 4.67m NOK (+464.9%). Net result +6.57m NOK → +719.3k NOK. Equity 6.55m NOK → 449.3k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA WÅLAND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 826.3k NOK to 4.67m NOK (+464.9% YoY). Calculated
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↑
Operating result improved
Operating result +727.7k NOK → +921.3k NOK (op. margin 88.1% → 19.7%). Calculated
What deteriorated
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↓
Net result weakened
Net result +6.57m NOK → +719.3k NOK (net margin 794.6% → 15.4%). Calculated
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↓
Equity eroded
Book equity 6.55m NOK → 449.3k NOK (equity ratio 1190.0% → 34.3%). Calculated
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↓
Cash fell
Bank deposits 934.0k NOK → 374.3k NOK (-59.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.61m NOK → 1.71m NOK (195% → 37% of revenue). Calculated
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COGS fell
COGS / varekostnad 765.4k NOK → 39.5k NOK (-94.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 57.5k NOK → 170.0k NOK. Reported fact