ADVOKATFIRMAET EUROJURIS HAUGESUND AS: årsregnskap 2019 vs 2018
Shrank 6% on revenue, weaker earnings, cash halved-plus
approved 2020-04-24; registry 2020-05-30; journal 2020 409519
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET EUROJURIS HAUGESUND AS. Revenue 30.81m NOK → 28.90m NOK (-6.2%). Net result +4.66m NOK → +2.70m NOK. Equity 3.50m NOK → 3.15m NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMAET EUROJURIS HAUGESUND AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.26× → 1.32×. Calculated
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↑
Payroll decreased
Salary cost 18.89m NOK → 18.44m NOK (61% → 64% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 30.81m NOK to 28.90m NOK (-6.2% YoY). Calculated
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↓
Operating result weakened
Operating result +6.00m NOK → +386.9k NOK (op. margin 19.5% → 1.3%). Calculated
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↓
Net result weakened
Net result +4.66m NOK → +2.70m NOK (net margin 15.1% → 9.3%). Calculated
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↓
Equity eroded
Book equity 3.50m NOK → 3.15m NOK (equity ratio 23.9% → 24.9%). Calculated
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↓
Cash fell
Bank deposits 2.87m NOK → 740.7k NOK (-74.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.87m NOK → 740.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 3.50m NOK → 3.15m NOK — check capital reduction, conversion, or reclassification. Interpretation