ADVOKATFIRMAET ALM AS: årsregnskap 2017 vs 2016
Grew 12% on revenue, stronger earnings
approved 2018-04-26; registry 2018-05-07; journal 2018 307470
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET ALM AS. Revenue 280.6k NOK → 313.6k NOK (+11.8%). Net result +99.4k NOK → +425.7k NOK. Equity 5.12m NOK → 549.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET ALM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 280.6k NOK to 313.6k NOK (+11.8% YoY). Calculated
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Operating result improved
Operating result +130.7k NOK → +560.0k NOK (op. margin 46.6% → 178.6%). Calculated
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Net result improved
Net result +99.4k NOK → +425.7k NOK (net margin 35.4% → 135.7%). Calculated
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Cash rose
Bank deposits 259.7k NOK → 981.5k NOK (+277.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 5.12m NOK → 549.5k NOK (equity ratio 1906.9% → 362.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.86× → 0.25× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 76.7k NOK → 1.49m NOK (27% → 476% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 902 NOK → 14.8k NOK (+1545.5% YoY). Calculated