ADVOKATFIRMAET GLOMDAL JURIDISKE AS: årsregnskap 2019 vs 2018
Grew 24% on revenue, stronger earnings
approved 2020-04-28; registry 2020-05-06; journal 2020 330590
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET GLOMDAL JURIDISKE AS. Revenue 1.54m NOK → 1.91m NOK (+24.4%). Net result +345.5k NOK → +469.5k NOK. Equity 366.0k NOK → 435.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET GLOMDAL JURIDISKE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.54m NOK to 1.91m NOK (+24.4% YoY). Calculated
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Operating result improved
Operating result +450.9k NOK → +601.4k NOK (op. margin 29.3% → 31.4%). Calculated
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Net result improved
Net result +345.5k NOK → +469.5k NOK (net margin 22.5% → 24.6%). Calculated
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Equity strengthened
Book equity 366.0k NOK → 435.4k NOK (equity ratio 51.9% → 601.0%). Calculated
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Cash rose
Bank deposits 293.2k NOK → 696.7k NOK (+137.6% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 2.13× → 0.11× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1 671 NOK → 832.9k NOK (0% → 44% of revenue). Calculated