ADVOKATFIRMAET BERG AS: årsregnskap 2019 vs 2018
Shrank 88% on revenue, stronger earnings, cash halved-plus
approved 2020-05-27; registry 2020-05-30; journal 2020 408651
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET BERG AS. Revenue 853.8k NOK → 105.0k NOK (-87.7%). Net result +10.2k NOK → +66.5k NOK. Equity 53.0k NOK → -13.5k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET BERG AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +12.4k NOK → +53.5k NOK (op. margin 1.4% → 51.0%). Calculated
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Net result improved
Net result +10.2k NOK → +66.5k NOK (net margin 1.2% → 63.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 853.8k NOK to 105.0k NOK (-87.7% YoY). Calculated
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↓
Equity eroded
Book equity 53.0k NOK → -13.5k NOK (equity ratio 9.6% → -3.0%). Calculated
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Cash fell
Bank deposits 460.6k NOK → 1 664 NOK (-99.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.05× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 1.17m NOK → 1.45m NOK (138% → 1379% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -3.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation