FirmaIQ
Org.nr 914 388 546 2016 → 2017 Year-over-year analysis

ADVOKATFIRMAET LÖVENÖRN AS: årsregnskap 2017 vs 2016

Shrank 90% on revenue, weaker earnings

approved 2018-07-06; registry 2018-07-25; journal 2018 780337

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET LÖVENÖRN AS. Revenue 757.3k NOK → 75.7k NOK (-90.0%). Net result +126.2k NOK → +39.8k NOK. Equity 396.8k NOK → 436.6k NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
757.3k NOK 75.7k NOK
-90.0%
Operating result
+169.4k NOK +56.1k NOK
-66.9%
Net result
+126.2k NOK +39.8k NOK
-68.5%
Equity
396.8k NOK 436.6k NOK
+10.0%
Cash
15.4k NOK 161.3k NOK
+947.3%
Total assets
782.6k NOK 688.0k NOK
-12.1%

What improved

  • ↑

    Equity strengthened

    Book equity 396.8k NOK → 436.6k NOK (equity ratio 50.7% → 63.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 15.4k NOK → 161.3k NOK (+947.3% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.26m NOK → 528.1k NOK (298% → 697% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 757.3k NOK to 75.7k NOK (-90.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +169.4k NOK → +56.1k NOK (op. margin 22.4% → 74.0%). Calculated

  • ↓

    Net result weakened

    Net result +126.2k NOK → +39.8k NOK (net margin 16.7% → 52.5%). Calculated