ADVOKATFIRMAET EIDE & CO AS: årsregnskap 2017 vs 2016
Shrank 11% on revenue, slipped into loss
approved 2018-04-27; registry 2018-05-08; journal 2018 319077
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET EIDE & CO AS. Revenue 2.35m NOK → 2.09m NOK (-11.1%). Net result +62.0k NOK → -7 184 NOK. Equity 9.11m NOK → 100.4k NOK.
On the constructive side: cash rose; 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 EIDE & CO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 332.6k NOK → 484.2k NOK (+45.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.27m NOK → 1.15m NOK (54% → 55% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.35m NOK to 2.09m NOK (-11.1% YoY). Calculated
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↓
Operating result weakened
Operating result +112.7k NOK → +37.4k NOK (op. margin 4.8% → 1.8%). Calculated
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Fell into a net loss
Net result flipped from 62.0k NOK profit to a loss of 7 184 NOK. Calculated
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↓
Equity eroded
Book equity 9.11m NOK → 100.4k NOK (equity ratio 2171.0% → 5.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.23× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation