Org.nr 991 266 852 2018 → 2019 Year-over-year analysis

ADVOKATFIRMAET HOLST STIFJELL AS: årsregnskap 2019 vs 2018

Shrank 35% on revenue, cash halved-plus

approved 2020-05-28; registry 2020-06-02; journal 2020 413228

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET HOLST STIFJELL AS. Revenue 1.61m NOK → 1.04m NOK (-35.1%). Equity -161.3k NOK → -358.5k NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET HOLST STIFJELL AS.

At a glance

Revenue

1.61m NOK 1.04m NOK

-35.1%

Operating result

+332.5k NOK -141.4k NOK

-142.5%

Net result

n/m -197.2k NOK

—

Equity

-161.3k NOK -358.5k NOK

-122.3%

Cash

55.1k NOK 22.1k NOK

-59.9%

Total assets

415.2k NOK 361.7k NOK

-12.9%

↓
Revenue fell

Operating income / revenue moved from 1.61m NOK to 1.04m NOK (-35.1% YoY). Calculated
↓
Operating result weakened

Operating result +332.5k NOK → -141.4k NOK (op. margin 20.7% → -13.6%). Calculated
↓
Equity eroded

Book equity -161.3k NOK → -358.5k NOK (equity ratio -38.8% → -99.1%). Calculated
↓
Cash fell

Bank deposits 55.1k NOK → 22.1k NOK (-59.9% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 895.3k NOK → 543.78m NOK (56% → 52214% of revenue). Calculated

·
Thin equity buffer

Equity ratio is -99.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation