ADVOKATFIRMAET HOLTER AS: årsregnskap 2017 vs 2016
Shrank 92% on revenue, slipped into loss, cash halved-plus
approved 2018-04-30; registry 2018-05-08; journal 2018 319447
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET HOLTER AS. Revenue 1.49m NOK → 114.9k NOK (-92.3%). Net result +31.2k NOK → -366.7k NOK. Equity 114.7k NOK → -252.0k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET HOLTER AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.49m NOK to 114.9k NOK (-92.3% YoY). Calculated
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Fell into a net loss
Net result flipped from 31.2k NOK profit to a loss of 366.7k NOK. Calculated
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Equity eroded
Book equity 114.7k NOK → -252.0k NOK (equity ratio 6.8% → -195.3%). Calculated
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Cash fell
Bank deposits 325.7k NOK → 8 867 NOK (-97.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.28× → 0.21× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -195.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 84.5k NOK → 53.9k NOK (-36.2% YoY). Calculated