ADVOKATFIRMAET BRINDEM AS: årsregnskap 2017 vs 2016
Shrank 29% on revenue, slipped into loss, cash halved-plus
approved 2018-04-27; registry 2018-05-08; journal 2018 315425
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET BRINDEM AS. Revenue 3.15m NOK → 2.24m NOK (-29.1%). Net result +275.9k NOK → -315.3k NOK. Equity 206.4k NOK → -108.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET BRINDEM AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.65m NOK → 1.62m NOK (52% → 72% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.15m NOK to 2.24m NOK (-29.1% YoY). Calculated
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↓
Operating result weakened
Operating result +402.2k NOK → -306.3k NOK (op. margin 12.8% → -13.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 275.9k NOK profit to a loss of 315.3k NOK. Calculated
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↓
Equity eroded
Book equity 206.4k NOK → -108.9k NOK (equity ratio 10.2% → -10.6%). Calculated
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↓
Cash fell
Bank deposits 508.1k NOK → 146.6k NOK (-71.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -10.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation