ADVOKATFIRMAET JØRSTAD AS: årsregnskap 2018 vs 2017
Grew 304839% on revenue, stronger earnings
approved 2019-04-24; registry 2019-05-07; journal 2019 341727
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET JØRSTAD AS. Revenue 1 057 NOK → 3.22m NOK (+304838.6%). Net result +3 856 NOK → +163.5k NOK. Equity 33.9k NOK → 197.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET JØRSTAD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1 057 NOK to 3.22m NOK (+304838.6% YoY). Calculated
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Operating result improved
Operating result +20.7k NOK → +258.6k NOK (op. margin 1954.2% → 8.0%). Calculated
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Net result improved
Net result +3 856 NOK → +163.5k NOK (net margin 364.8% → 5.1%). Calculated
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Equity strengthened
Book equity 33.9k NOK → 197.4k NOK (equity ratio 4.7% → 48.0%). Calculated
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Cash rose
Bank deposits 70.8k NOK → 93.8k NOK (+32.5% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.16× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1 714 NOK → 2.08m NOK (162% → 64% of revenue). Calculated