ADVOKATFIRMAET ELVENES AS: årsregnskap 2018 vs 2017
Grew 18% on revenue, returned to profit
approved 2019-04-23; registry 2019-04-25; journal 2019 307730
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET ELVENES AS. Revenue 1.85m NOK → 2.18m NOK (+17.6%). Net result -321.6k NOK → +490.8k NOK. Equity 89.0k NOK → 8.58m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.85m NOK to 2.18m NOK (+17.6% YoY). Calculated
-
↑
Operating result improved
Operating result -332.1k NOK → +507.2k NOK (op. margin -17.9% → 23.3%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 321.6k NOK to a profit of 490.8k NOK. Calculated
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↑
Equity strengthened
Book equity 89.0k NOK → 8.58m NOK (equity ratio 8.8% → 695.9%). Calculated
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↑
Payroll decreased
Salary cost 1.35m NOK → 1.09m NOK (73% → 50% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 357.7k NOK → 335.2k NOK (-6.3% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.76× → 0.48× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated