ADVOKATFIRMAET HERSTAD AS: årsregnskap 2019 vs 2018
Grew 17% on revenue, stronger earnings
approved 2020-04-14; registry 2020-04-20; journal 2020 297430
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET HERSTAD AS. Revenue 3.38m NOK → 3.94m NOK (+16.6%). Net result +117.4k NOK → +251.8k NOK. Equity 28.1k NOK → 279.8k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. 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 3.38m NOK to 3.94m NOK (+16.6% YoY). Calculated
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Net result improved
Net result +117.4k NOK → +251.8k NOK (net margin 3.5% → 6.4%). Calculated
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↑
Equity strengthened
Book equity 28.1k NOK → 279.8k NOK (equity ratio 2.2% → 18.6%). Calculated
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Cash rose
Bank deposits 250.5k NOK → 584.2k NOK (+133.2% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.92× → 0.42× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.85m NOK → 2.06m NOK (55% → 52% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 23.9k NOK → 14.2k NOK (-40.7% YoY). Calculated