ADVOKATFIRMAET HEGG & CO AS: årsregnskap 2019 vs 2018
Mixed movements in the accounts
approved 2020-02-24; registry 2020-05-27; journal 2020 395913
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET HEGG & CO AS. Revenue 14.56m NOK → 15.22m NOK (+4.5%). Equity 1.85m NOK → 1.59m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
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
-
↑
Revenue rose
Operating income / revenue moved from 14.56m NOK to 15.22m NOK (+4.5% YoY). Calculated
-
↑
Cash rose
Bank deposits 4.17m NOK → 6.54m NOK (+57.0% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 1.85m NOK → 1.59m NOK (equity ratio 23.0% → 16.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.27× → 0.78× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 10.14m NOK → 11.00m NOK (70% → 72% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 34.0k NOK → 6 082 NOK (-82.1% YoY). Calculated