ADVOKATFIRMAET JESSEN AS: årsregnskap 2018 vs 2017
Grew 12% on revenue, weaker earnings, cash halved-plus
approved 2019-01-15; registry 2019-01-28; journal 2019 203575
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET JESSEN AS. Revenue 1.73m NOK → 1.94m NOK (+11.7%). Net result +681.9k NOK → +497.6k NOK. Equity 736.6k NOK → 234.3k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: net result weakened; equity eroded; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.73m NOK to 1.94m NOK (+11.7% YoY). Calculated
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Operating result improved
Operating result +610.0k NOK → +618.1k NOK (op. margin 35.2% → 31.9%). Calculated
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Payroll decreased
Salary cost 3.81m NOK → 807.4k NOK (220% → 42% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +681.9k NOK → +497.6k NOK (net margin 39.4% → 25.7%). Calculated
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↓
Equity eroded
Book equity 736.6k NOK → 234.3k NOK (equity ratio 66.7% → 14.5%). Calculated
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Cash fell
Bank deposits 654.2k NOK → 241.5k NOK (-63.1% YoY). Calculated