FirmaIQ
Org.nr 919 084 588 2018 → 2019 Year-over-year analysis

ADVOKATFIRMAET JOHANNESSEN AS: årsregnskap 2019 vs 2018

Grew 351% on revenue, stronger earnings, cash halved-plus

approved 2020-05-25; registry 2020-05-28; journal 2020 400881

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET JOHANNESSEN AS. Revenue 497.9k NOK → 2.24m NOK (+350.9%). Net result +195.2k NOK → +278.9k NOK. Equity 379.6k NOK → 658.5k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET JOHANNESSEN AS.

At a glance

Scorecard

Revenue
497.9k NOK 2.24m NOK
+350.9%
Operating result
+247.4k NOK +360.9k NOK
+45.9%
Net result
+195.2k NOK +278.9k NOK
+42.8%
Equity
379.6k NOK 658.5k NOK
+73.5%
Cash
738.7k NOK 1 168 NOK
-99.8%
Total assets
1.73m NOK 1.96m NOK
+12.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 497.9k NOK to 2.24m NOK (+350.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +247.4k NOK → +360.9k NOK (op. margin 49.7% → 16.1%). Calculated

  • ↑

    Net result improved

    Net result +195.2k NOK → +278.9k NOK (net margin 39.2% → 12.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 379.6k NOK → 658.5k NOK (equity ratio 21.9% → 33.7%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.73m NOK → 1.45m NOK (348% → 64% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 738.7k NOK → 1 168 NOK (-99.8% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 51.5k NOK → 23.9k NOK (-53.7% YoY). Calculated