FirmaIQ
Org.nr 998 755 956 2016 → 2017 Year-over-year analysis

ADVOKATFIRMAET HOEL WOLLBRÅTEN AS: årsregnskap 2017 vs 2016

Shrank 19% on revenue, slipped into loss

approved 2018-04-23; registry 2018-06-23; journal 2018 531322

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET HOEL WOLLBRÅTEN AS. Revenue 2.25m NOK → 1.81m NOK (-19.5%). Net result +282.3k NOK → -9 798 NOK. Equity 6.15m NOK → 142.1k NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET HOEL WOLLBRÅTEN AS.

At a glance

Scorecard

Revenue
2.25m NOK 1.81m NOK
-19.5%
Operating result
+398.8k NOK +3 299 NOK
-99.2%
Net result
+282.3k NOK -9 798 NOK
-103.5%
Equity
6.15m NOK 142.1k NOK
-97.7%
Cash
369.7k NOK 401.8k NOK
+8.7%
Total assets
1.27m NOK 114.0k NOK
-91.0%

What improved

  • ↑

    Cash rose

    Bank deposits 369.7k NOK → 401.8k NOK (+8.7% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.73m NOK → -707.5k NOK (77% → -39% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.25m NOK to 1.81m NOK (-19.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +398.8k NOK → +3 299 NOK (op. margin 17.7% → 0.2%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 282.3k NOK profit to a loss of 9 798 NOK. Calculated

  • ↓

    Equity eroded

    Book equity 6.15m NOK → 142.1k NOK (equity ratio 483.1% → 124.7%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 48.7k NOK → 31.7k NOK (-34.8% YoY). Calculated