ADVOKATFIRMAET ANGELSHAUG & CO AS: årsregnskap 2018 vs 2017
Grew 6998% on revenue, slipped into loss
approved 2019-04-29; registry 2019-05-02; journal 2019 325605
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET ANGELSHAUG & CO AS. Revenue 110.2k NOK → 7.82m NOK (+6997.5%). Net result +7 NOK → -274.7k NOK. Equity 178.1k NOK → -96.6k NOK.
On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET ANGELSHAUG & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 110.2k NOK to 7.82m NOK (+6997.5% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 7 NOK profit to a loss of 274.7k NOK. Calculated
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↓
Equity eroded
Book equity 178.1k NOK → -96.6k NOK (equity ratio 4.1% → -2.6%). Calculated
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↓
Cash fell
Bank deposits 988.1k NOK → 726.2k NOK (-26.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -2.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4.89m NOK → 5.87m NOK (4440% → 75% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 1 NOK → 5 000 NOK. Reported fact