ADVOKATFIRMAET ASTHOR AS: årsregnskap 2019 vs 2018
Grew 10% on revenue, stronger earnings
approved 2020-04-15; registry 2020-04-20; journal 2020 296670
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET ASTHOR AS. Revenue 5.68m NOK → 6.24m NOK (+9.8%). Net result +5 NOK → +634.30bn NOK. Equity 742.7k NOK → 377.0k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET ASTHOR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.68m NOK to 6.24m NOK (+9.8% YoY). Calculated
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Net result improved
Net result +5 NOK → +634.30bn NOK (net margin 0.0% → 10160760.0%). Calculated
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Cash rose
Bank deposits 766.2k NOK → 957.3k NOK (+24.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.03m NOK → +947.6k NOK (op. margin 18.1% → 15.2%). Calculated
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↓
Equity eroded
Book equity 742.7k NOK → 377.0k NOK (equity ratio 12.5% → 6.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 3.05m NOK → 3.42m NOK (54% → 55% of revenue). Calculated