ADVOKATFIRMAET EIDE & CO AS: årsregnskap 2019 vs 2018
Shrank 31% on revenue, stronger earnings
approved 2020-04-26; registry 2020-04-29; journal 2020 318461
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET EIDE & CO AS. Revenue 2.49m NOK → 1.72m NOK (-30.9%). Net result -372.8k NOK → -249.5k NOK. Equity -272.3k NOK → -521.9k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
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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Operating result improved
Operating result -307.8k NOK → -180.2k NOK (op. margin -12.4% → -10.5%). Calculated
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Net result improved
Net result -372.8k NOK → -249.5k NOK (net margin -15.0% → -14.5%). Calculated
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Cash rose
Bank deposits 111.3k NOK → 345.5k NOK (+210.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.49m NOK to 1.72m NOK (-30.9% YoY). Calculated
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↓
Equity eroded
Book equity -272.3k NOK → -521.9k NOK (equity ratio -23.8% → -52.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.84m NOK → 2.94m NOK (74% → 171% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -52.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation