ADVOKATFIRMAET EIDE & CO AS: årsregnskap 2018 vs 2017
Grew 19% on revenue, weaker earnings, cash halved-plus
approved 2019-04-30; registry 2019-05-04; journal 2019 330823
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET EIDE & CO AS. Revenue 2.09m NOK → 2.49m NOK (+19.0%). Net result -7 184 NOK → -372.8k NOK. Equity 100.4k NOK → -272.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET EIDE & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.09m NOK to 2.49m NOK (+19.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +37.4k NOK → -307.8k NOK (op. margin 1.8% → -12.4%). Calculated
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↓
Net result weakened
Net result -7 184 NOK → -372.8k NOK (net margin -0.3% → -15.0%). Calculated
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↓
Equity eroded
Book equity 100.4k NOK → -272.3k NOK (equity ratio 5.3% → -23.8%). Calculated
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↓
Cash fell
Bank deposits 484.2k NOK → 111.3k NOK (-77.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -23.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.15m NOK → 1.84m NOK (55% → 74% of revenue). Calculated