ADVOKATFIRMAET ACTIO AS: årsregnskap 2018 vs 2017
Grew 326% on revenue, cash halved-plus
approved 2019-04-25; registry 2019-04-29; journal 2019 315680
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET ACTIO AS. Revenue 878.5k NOK → 3.74m NOK (+326.1%). Equity 5.19m NOK → -110.5k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET ACTIO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 878.5k NOK to 3.74m NOK (+326.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 5.19m NOK → -110.5k NOK (equity ratio 51583.5% → -15.8%). Calculated
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↓
Cash fell
Bank deposits 663.7k NOK → 317.3k NOK (-52.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.16× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -15.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 3.00m NOK → 3.55m NOK (341% → 95% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 52.5k NOK → 33.8k NOK. Reported fact