ADVOKATFIRMAET KRAGERUD & CO AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, cash halved-plus
approved 2020-05-31; registry 2020-06-04; journal 2020 430261
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET KRAGERUD & CO AS. Revenue 942.5k NOK → 1 105 NOK (-99.9%). Equity -580.8k NOK → 134.7k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; cash fell.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMAET KRAGERUD & CO AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity -580.8k NOK → 134.7k NOK (equity ratio -73.7% → 22.9%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.55× → 1.45×. Calculated
-
↑
Payroll decreased
Salary cost 3.71m NOK → 1 NOK (393% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 942.5k NOK to 1 105 NOK (-99.9% YoY). Calculated
-
↓
Cash fell
Bank deposits 103.0k NOK → 1 777 NOK (-98.3% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 120.0k NOK → 920 NOK — check capital reduction, conversion, or reclassification. Interpretation