ADVOKATFIRMAET HERSTAD AS: årsregnskap 2017 vs 2016
Grew 28% on revenue, returned to profit, cash halved-plus
approved 2018-04-30; registry 2018-05-08; journal 2018 315981
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET HERSTAD AS. Revenue 414.4k NOK → 531.0k NOK (+28.1%). Net result -223.6k NOK → +104.3k NOK. Equity -193.6k NOK → -89.3k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET HERSTAD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 414.4k NOK to 531.0k NOK (+28.1% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 223.6k NOK to a profit of 104.3k NOK. Calculated
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↑
Equity strengthened
Book equity -193.6k NOK → -89.3k NOK (equity ratio -18.2% → -7.2%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 258.8k NOK → 121.5k NOK (-53.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 350 NOK → 1.29m NOK (0% → 242% of revenue). Calculated