ADVOKATFIRMAET HAAGENSEN & JOHNSEN AS: årsregnskap 2017 vs 2016
Grew 871% on revenue, slipped into loss, cash halved-plus
approved 2018-04-30; registry 2018-07-21; journal 2018 744739
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET HAAGENSEN & JOHNSEN AS. Revenue 469.9k NOK → 4.56m NOK (+871.1%). Net result +229.9k NOK → -177.2k NOK. Equity 11.34m NOK → 11 NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET HAAGENSEN & JOHNSEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 469.9k NOK to 4.56m NOK (+871.1% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.08× → 1.02×. Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 229.9k NOK profit to a loss of 177.2k NOK. Calculated
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↓
Equity eroded
Book equity 11.34m NOK → 11 NOK (equity ratio 13000.4% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 8.36m NOK → 322.8k NOK (-96.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (8.36m NOK → 322.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 2 NOK → 3.24m NOK (0% → 71% of revenue). Calculated
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COGS moved
COGS / varekostnad 57.4k NOK → 76.3k NOK (+32.9% YoY). Calculated