ADVOKATFIRMAET LÆRUM, LIER, STENDE & BERVEN AS: årsregnskap 2018 vs 2017
Grew 23% on revenue, cash halved-plus
approved 2019-02-04; registry 2019-02-13; journal 2019 208679
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET LÆRUM, LIER, STENDE & BERVEN AS. Revenue 12.49m NOK → 15.33m NOK (+22.7%). Equity 550.9k NOK → 372.2k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET LÆRUM, LIER, STENDE & BERVEN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 12.49m NOK to 15.33m NOK (+22.7% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 550.9k NOK → 372.2k NOK (equity ratio 16.8% → 6.8%). Calculated
-
↓
Cash fell
Bank deposits 558.5k NOK → 262.4k NOK (-53.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.00× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 6.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 9.25m NOK → 10.08m NOK (74% → 66% of revenue). Calculated