ADVOKATFIRMA WANG & HOLM-OLSEN AS: årsregnskap 2019 vs 2018
Cash halved-plus
approved 2020-03-16; registry 2020-03-19; journal 2020 248432
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMA WANG & HOLM-OLSEN AS. Revenue 5.85m NOK → 5.76m NOK (-1.6%). Net result +457.0k NOK → +528.0k NOK. Equity 751.0k NOK → 1.28m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA WANG & HOLM-OLSEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +605.5k NOK → +677.7k NOK (op. margin 10.3% → 11.8%). Calculated
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↑
Net result improved
Net result +457.0k NOK → +528.0k NOK (net margin 7.8% → 9.2%). Calculated
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↑
Equity strengthened
Book equity 751.0k NOK → 1.28m NOK (equity ratio 33.0% → 52.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.85m NOK to 5.76m NOK (-1.6% YoY). Calculated
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↓
Cash fell
Bank deposits 966.7k NOK → 131.8k NOK (-86.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 3.47m NOK → 3.65m NOK (59% → 63% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 326.7k NOK → 47.4k NOK (-85.5% YoY). Calculated