ADVOKATFIRMAET ERIKSSEN & CO AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-05-04; registry 2020-05-07; journal 2020 340673
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET ERIKSSEN & CO AS. Revenue 4.68m NOK → 4.73m NOK (+0.9%). Equity 190.5k NOK → 26.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET ERIKSSEN & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.68m NOK to 4.73m NOK (+0.9% YoY). Calculated
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↑
Cash rose
Bank deposits 224.8k NOK → 414.8k NOK (+84.5% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 190.5k NOK → 26.2k NOK (equity ratio 20.3% → 2.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.26× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation