ADVOKATFIRMAET DINGSTAD-ERIKSEN AS: årsregnskap 2019 vs 2018
Shrank 63% on revenue, weaker earnings
approved 2020-04-02; registry 2020-04-11; journal 2020 284817
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET DINGSTAD-ERIKSEN AS. Revenue 659.8k NOK → 245.5k NOK (-62.8%). Net result -19.9k NOK → -79.5k NOK. Equity 8 031 NOK → -71.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET DINGSTAD-ERIKSEN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 524.6k NOK → 163.1k NOK (80% → 66% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 659.8k NOK to 245.5k NOK (-62.8% YoY). Calculated
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↓
Operating result weakened
Operating result -19.9k NOK → -79.5k NOK (op. margin -3.0% → -32.4%). Calculated
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↓
Net result weakened
Net result -19.9k NOK → -79.5k NOK (net margin -3.0% → -32.4%). Calculated
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↓
Equity eroded
Book equity 8 031 NOK → -71.5k NOK (equity ratio 4.1% → -46.6%). Calculated
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↓
Cash fell
Bank deposits 93.3k NOK → 82.4k NOK (-11.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -46.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation