Org.nr 916 689 659 2016 → 2017 Year-over-year analysis

ADVOKATFIRMAET HERMANSEN AS: årsregnskap 2017 vs 2016

Grew 47047% on revenue, cash halved-plus

approved 2018-04-30; registry 2018-06-26; journal 2018 561772

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET HERMANSEN AS. Revenue 1 217 NOK → 573.8k NOK (+47046.6%). Equity 4.13m NOK → 180.6k NOK.

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

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET HERMANSEN AS.

At a glance

Revenue

1 217 NOK 573.8k NOK

+47046.6%

Operating result

+138.0k NOK +88.4k NOK

-36.0%

Net result

n/m +50.1k NOK

—

Equity

4.13m NOK 180.6k NOK

-95.6%

Cash

595.1k NOK 15.8k NOK

-97.3%

Total assets

752.9k NOK 499.4k NOK

-33.7%

↑
Revenue rose

Operating income / revenue moved from 1 217 NOK to 573.8k NOK (+47046.6% YoY). Calculated

↓
Operating result weakened

Operating result +138.0k NOK → +88.4k NOK (op. margin 11341.2% → 15.4%). Calculated
↓
Equity eroded

Book equity 4.13m NOK → 180.6k NOK (equity ratio 548.6% → 36.2%). Calculated
↓
Cash fell

Bank deposits 595.1k NOK → 15.8k NOK (-97.3% YoY). Calculated

·
Payroll increased

Salary cost 6 750 NOK → 6.86m NOK (555% → 1195% of revenue). Calculated