ADVOKATFIRMAET HEGG & CO AS: årsregnskap 2018 vs 2017
Shrank 6% on revenue, weaker earnings
approved 2019-03-04; registry 2019-03-18; journal 2019 241288
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET HEGG & CO AS. Revenue 15.50m NOK → 14.56m NOK (-6.0%). Net result +739.5k NOK → +525.9k NOK. Equity 1.82m NOK → 1.85m NOK.
On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +299.8k NOK → +731.5k NOK (op. margin 1.9% → 5.0%). Calculated
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↑
Equity strengthened
Book equity 1.82m NOK → 1.85m NOK (equity ratio 20.2% → 23.0%). Calculated
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↑
Payroll decreased
Salary cost 10.30m NOK → 10.14m NOK (66% → 70% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.50m NOK to 14.56m NOK (-6.0% YoY). Calculated
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↓
Net result weakened
Net result +739.5k NOK → +525.9k NOK (net margin 4.8% → 3.6%). Calculated
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↓
Cash fell
Bank deposits 6.01m NOK → 4.17m NOK (-30.6% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 27.8k NOK → 34.0k NOK (+22.0% YoY). Calculated