ADVOKATFIRMAET KRAGERUD & CO AS: årsregnskap 2017 vs 2016
Shrank 94% on revenue, cash halved-plus
approved 2018-04-16; registry 2018-06-04; journal 2018 396985
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET KRAGERUD & CO AS. Revenue 986.7k NOK → 63.4k NOK (-93.6%). Equity -123.4k NOK → -938.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET KRAGERUD & CO AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 11.79m NOK → 853.3k NOK (1195% → 1347% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 986.7k NOK to 63.4k NOK (-93.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +1.15m NOK → -854.8k NOK (op. margin 116.7% → -1349.4%). Calculated
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↓
Equity eroded
Book equity -123.4k NOK → -938.9k NOK (equity ratio -20.7% → -315.5%). Calculated
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↓
Cash fell
Bank deposits 305.4k NOK → 28.2k NOK (-90.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.36× → 0.21× — 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 -315.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation