ADVOKATFIRMAET HERMANSEN AS: årsregnskap 2019 vs 2018
Shrank 91% on revenue, cash halved-plus
approved 2020-07-09; registry 2020-07-13; journal 2020 607387
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET HERMANSEN AS. Revenue 816.9k NOK → 73.8k NOK (-91.0%). Net result -311.8k NOK → -332.7k NOK. Equity -131.1k NOK → -463.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET HERMANSEN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 6.49m NOK → 6 NOK (795% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 816.9k NOK to 73.8k NOK (-91.0% YoY). Calculated
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↓
Operating result weakened
Operating result -288.8k NOK → -314.8k NOK (op. margin -35.4% → -426.8%). Calculated
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↓
Net result weakened
Net result -311.8k NOK → -332.7k NOK (net margin -38.2% → -451.0%). Calculated
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↓
Equity eroded
Book equity -131.1k NOK → -463.8k NOK (equity ratio -33.7% → -161.2%). Calculated
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↓
Cash fell
Bank deposits 30.9k NOK → 753 NOK (-97.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -161.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation