ADVOKATFIRMAET ANGELSHAUG & CO AS: årsregnskap 2017 vs 2016
Shrank 99% on revenue, weaker earnings
approved 2018-04-30; registry 2018-05-08; journal 2018 318385
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET ANGELSHAUG & CO AS. Revenue 7.66m NOK → 110.2k NOK (-98.6%). Net result +407.8k NOK → +7 NOK. Equity 1 120 NOK → 178.1k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET ANGELSHAUG & CO AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1 120 NOK → 178.1k NOK (equity ratio 0.0% → 4.1%). Calculated
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↑
Cash rose
Bank deposits 636.4k NOK → 988.1k NOK (+55.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.66m NOK to 110.2k NOK (-98.6% YoY). Calculated
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↓
Operating result weakened
Operating result +590.5k NOK → +104.0k NOK (op. margin 7.7% → 94.4%). Calculated
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↓
Net result weakened
Net result +407.8k NOK → +7 NOK (net margin 5.3% → 0.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.20× → 0.31× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 4.49m NOK → 4.89m NOK (59% → 4440% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 624.9k NOK → -178.4k NOK (-128.5% YoY). Calculated