ADVOKATFIRMAET BRINDEM AS: årsregnskap 2019 vs 2018
Grew 10% on revenue, weaker earnings, cash halved-plus
approved 2020-05-29; registry 2020-06-02; journal 2020 421356
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET BRINDEM AS. Revenue 1.42m NOK → 1.57m NOK (+10.4%). Net result +126.0k NOK → +39.0k NOK. Equity 17.1k NOK → 56.0k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET BRINDEM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.42m NOK to 1.57m NOK (+10.4% YoY). Calculated
-
↑
Equity strengthened
Book equity 17.1k NOK → 56.0k NOK (equity ratio 3.2% → 9.5%). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +154.9k NOK → +52.5k NOK (op. margin 10.9% → 3.3%). Calculated
-
↓
Net result weakened
Net result +126.0k NOK → +39.0k NOK (net margin 8.9% → 2.5%). Calculated
-
↓
Cash fell
Bank deposits 150.0k NOK → 16.5k NOK (-89.0% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 425.8k NOK → 777.7k NOK (30% → 50% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 14.5k NOK → 4 170 NOK (-71.1% YoY). Calculated