ADVOKATFIRMAET HORNELAND AS: årsregnskap 2017 vs 2016
Shrank 54% on revenue
approved 2018-04-27; registry 2018-05-08; journal 2018 313028
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET HORNELAND AS. Revenue 1.83m NOK → 844.6k NOK (-53.9%). Equity 151.0k NOK → -59.8k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET HORNELAND AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.83m NOK to 844.6k NOK (-53.9% YoY). Calculated
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↓
Equity eroded
Book equity 151.0k NOK → -59.8k NOK (equity ratio 24.9% → -30.9%). Calculated
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↓
Cash fell
Bank deposits 283.7k NOK → 149.9k NOK (-47.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.34× → 0.76× — 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 -30.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 147.9k NOK → 35.3k NOK (-76.2% YoY). Calculated