ADVOKATFIRMAET ELVENES AS: årsregnskap 2017 vs 2016
Shrank 35% on revenue, slipped into loss
approved 2018-04-19; registry 2018-04-28; journal 2018 288703
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET ELVENES AS. Revenue 2.86m NOK → 1.85m NOK (-35.1%). Net result +120.5k NOK → -321.6k NOK. Equity 410.6k NOK → 89.0k 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 ELVENES AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 298.6k NOK → 357.7k NOK (+19.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.88m NOK → 1.35m NOK (66% → 73% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.86m NOK to 1.85m NOK (-35.1% YoY). Calculated
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↓
Operating result weakened
Operating result +139.1k NOK → -332.1k NOK (op. margin 4.9% → -17.9%). Calculated
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Fell into a net loss
Net result flipped from 120.5k NOK profit to a loss of 321.6k NOK. Calculated
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↓
Equity eroded
Book equity 410.6k NOK → 89.0k NOK (equity ratio 24.8% → 8.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation