FirmaIQ
Org.nr 987 941 065 2018 → 2019 Year-over-year analysis

ADVOKATFIRMAET ELVENES AS: årsregnskap 2019 vs 2018

Shrank 15% on revenue, weaker earnings

approved 2020-04-24; registry 2020-05-02; journal 2020 321785

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET ELVENES AS. Revenue 2.18m NOK → 1.84m NOK (-15.4%). Net result +490.8k NOK → +56.1k NOK. Equity 8.58m NOK → 635.9k NOK.

On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
2.18m NOK 1.84m NOK
-15.4%
Operating result
+507.2k NOK +64.0k NOK
-87.4%
Net result
+490.8k NOK +56.1k NOK
-88.6%
Equity
8.58m NOK 635.9k NOK
-92.6%
Cash
335.2k NOK 367.2k NOK
+9.5%
Total assets
1.23m NOK 1.32m NOK
+6.8%

What improved

  • ↑

    Cash rose

    Bank deposits 335.2k NOK → 367.2k NOK (+9.5% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.48× → 3.23×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.18m NOK to 1.84m NOK (-15.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +507.2k NOK → +64.0k NOK (op. margin 23.3% → 3.5%). Calculated

  • ↓

    Net result weakened

    Net result +490.8k NOK → +56.1k NOK (net margin 22.5% → 3.0%). Calculated

  • ↓

    Equity eroded

    Book equity 8.58m NOK → 635.9k NOK (equity ratio 695.9% → 48.3%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.09m NOK → 1.12m NOK (50% → 61% of revenue). Calculated