ADVOKATFIRMAET LÖVENÖRN AS: årsregnskap 2019 vs 2018
Shrank 57% on revenue, slipped into loss, cash halved-plus
approved 2020-04-27; registry 2020-04-29; journal 2020 318961
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET LÖVENÖRN AS. Revenue 605.9k NOK → 262.9k NOK (-56.6%). Net result +62.0k NOK → -352.5k NOK. Equity 498.7k NOK → 503.8k NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET LÖVENÖRN AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 498.7k NOK → 503.8k NOK (equity ratio 52.6% → 59.7%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 30.0k NOK → 387.6k NOK (+357.6k NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 605.9k NOK to 262.9k NOK (-56.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +74.6k NOK → -336.1k NOK (op. margin 12.3% → -127.9%). Calculated
-
↓
Fell into a net loss
Net result flipped from 62.0k NOK profit to a loss of 352.5k NOK. Calculated
-
↓
Cash fell
Bank deposits 335.2k NOK → 98.8k NOK (-70.5% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 136.3k NOK → 154.5k NOK (22% → 59% of revenue). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 41.9k NOK → 2 165 NOK. Reported fact