ADVOKATFIRMAET HEGG & CO AS: årsregnskap 2017 vs 2016
Grew 27% on revenue, stronger earnings
approved 2018-04-26; registry 2018-05-07; journal 2018 306378
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET HEGG & CO AS. Revenue 12.19m NOK → 15.50m NOK (+27.2%). Net result +366.6k NOK → +739.5k NOK. Equity 1.28m NOK → 1.82m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET HEGG & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.19m NOK to 15.50m NOK (+27.2% YoY). Calculated
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↑
Net result improved
Net result +366.6k NOK → +739.5k NOK (net margin 3.0% → 4.8%). Calculated
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↑
Equity strengthened
Book equity 1.28m NOK → 1.82m NOK (equity ratio 21.1% → 20.2%). Calculated
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Cash rose
Bank deposits 3.58m NOK → 6.01m NOK (+67.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +473.3k NOK → +299.8k NOK (op. margin 3.9% → 1.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 8.47m NOK → 10.30m NOK (70% → 66% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 52.2k NOK → 27.8k NOK (-46.7% YoY). Calculated