ADVOKATFIRMAET JESSEN AS: årsregnskap 2017 vs 2016
Shrank 20% on revenue, stronger earnings
approved 2018-01-18; registry 2018-01-24; journal 2018 202401
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET JESSEN AS. Revenue 2.16m NOK → 1.73m NOK (-19.8%). Net result +470.7k NOK → +681.9k NOK. Equity 621.5k NOK → 736.6k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMAET JESSEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +604.9k NOK → +610.0k NOK (op. margin 28.0% → 35.2%). Calculated
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↑
Net result improved
Net result +470.7k NOK → +681.9k NOK (net margin 21.8% → 39.4%). Calculated
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↑
Equity strengthened
Book equity 621.5k NOK → 736.6k NOK (equity ratio 58.8% → 66.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.16m NOK to 1.73m NOK (-19.8% YoY). Calculated
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↓
Cash fell
Bank deposits 709.6k NOK → 654.2k NOK (-7.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.08m NOK → 3.81m NOK (50% → 220% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 150.8k NOK → 30.8k NOK — check capital reduction, conversion, or reclassification. Interpretation