ADVOKATFIRMAET HOEL WOLLBRÅTEN AS: årsregnskap 2019 vs 2018
Shrank 25% on revenue, slipped into loss, cash halved-plus
approved 2020-05-08; registry 2020-05-16; journal 2020 363234
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET HOEL WOLLBRÅTEN AS. Revenue 1.76m NOK → 1.32m NOK (-25.0%). Net result +90.2k NOK → -38.7k NOK. Equity 155.3k NOK → 116.6k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET HOEL WOLLBRÅTEN AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.94× → 1.70×. Calculated
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↑
Payroll decreased
Salary cost 475.5k NOK → 319.9k NOK (27% → 24% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.76m NOK to 1.32m NOK (-25.0% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 90.2k NOK profit to a loss of 38.7k NOK. Calculated
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↓
Equity eroded
Book equity 155.3k NOK → 116.6k NOK (equity ratio 12.0% → 39.2%). Calculated
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↓
Cash fell
Bank deposits 547.0k NOK → 103.5k NOK (-81.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 17.7k NOK → 101 NOK (-99.4% YoY). Calculated