Org.nr 920 902 936 2018 → 2019 Year-over-year analysis

ADVOKATFIRMAET HARTZ & CO AS: årsregnskap 2019 vs 2018

Grew 78% on revenue, cash halved-plus

approved 2020-03-27; registry 2020-04-20; journal 2020 300004

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET HARTZ & CO AS. Revenue 4.73m NOK → 8.44m NOK (+78.4%). Equity 380.6k NOK → 100 NOK.

On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET HARTZ & CO AS.

At a glance

Revenue

4.73m NOK 8.44m NOK

+78.4%

Operating result

n/m +1.61m NOK

—

Net result

n/m +1.31m NOK

—

Equity

380.6k NOK 100 NOK

-100.0%

Cash

251.7k NOK 1 107 NOK

-99.6%

Total assets

2.13m NOK 3.48m NOK

+63.1%

↑
Revenue rose

Operating income / revenue moved from 4.73m NOK to 8.44m NOK (+78.4% YoY). Calculated

↓
Equity eroded

Book equity 380.6k NOK → 100 NOK (equity ratio 17.8% → 0.0%). Calculated
↓
Cash fell

Bank deposits 251.7k NOK → 1 107 NOK (-99.6% YoY). Calculated

·
Thin equity buffer

Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 17.8k NOK → 1 017 NOK (-94.3% YoY). Calculated