ADVOKATFIRMAET ALM AS: årsregnskap 2018 vs 2017
Grew 94% on revenue, slipped into loss, cash halved-plus
approved 2019-04-30; registry 2019-05-04; journal 2019 332101
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET ALM AS. Revenue 313.6k NOK → 609.5k NOK (+94.3%). Net result +425.7k NOK → -97.1k NOK. Equity 549.5k NOK → 452.5k NOK.
On the constructive side: revenue rose; current ratio back above 1×; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs fell. 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 313.6k NOK to 609.5k NOK (+94.3% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.25× → 6.41×. Calculated
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Payroll decreased
Salary cost 1.49m NOK → 435.6k NOK (476% → 71% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +560.0k NOK → -98.2k NOK (op. margin 178.6% → -16.1%). Calculated
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Fell into a net loss
Net result flipped from 425.7k NOK profit to a loss of 97.1k NOK. Calculated
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↓
Equity eroded
Book equity 549.5k NOK → 452.5k NOK (equity ratio 362.1% → 85.1%). Calculated
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↓
Cash fell
Bank deposits 981.5k NOK → 390.2k NOK (-60.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 14.8k NOK → 4 156 NOK (-72.0% YoY). Calculated