ADVOKATFIRMAET HORGEN AS: årsregnskap 2017 vs 2016
Shrank 47% on revenue, returned to profit
approved 2018-04-30; registry 2018-05-08; journal 2018 316383
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET HORGEN AS. Revenue 1.76m NOK → 939.1k NOK (-46.6%). Net result -276.1k NOK → +17 NOK. Equity 243.6k NOK → 243.6k NOK.
On the constructive side: turned profitable; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMAET HORGEN AS.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 276.1k NOK to a profit of 17 NOK. Calculated
-
↑
Cash rose
Bank deposits 201.4k NOK → 478.6k NOK (+137.6% YoY). Calculated
-
↑
Payroll decreased
Salary cost 1.66m NOK → 868.3k NOK (94% → 92% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.76m NOK to 939.1k NOK (-46.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +234.4k NOK → -480 NOK (op. margin 13.3% → -0.1%). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 243.6k NOK → 200.0k NOK — check capital reduction, conversion, or reclassification. Interpretation