Org.nr 996 357 503 2018 → 2019 Year-over-year analysis

ADVOKATFIRMAET LEX AS: årsregnskap 2019 vs 2018

Grew 21% on revenue

approved 2020-05-30; registry 2020-06-03; journal 2020 423581

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET LEX AS. Revenue 3.22m NOK → 3.91m NOK (+21.5%). Equity 524.6k NOK → 868.5k NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: current ratio dropped below 1×.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET LEX AS.

At a glance

Revenue

3.22m NOK 3.91m NOK

+21.5%

Operating result

n/m +1.67m NOK

—

Net result

n/m +1.34m NOK

—

Equity

524.6k NOK 868.5k NOK

+65.5%

Cash

8.11m NOK 8.83m NOK

+8.8%

Total assets

1.15m NOK 2.68m NOK

+133.9%

↑
Revenue rose

Operating income / revenue moved from 3.22m NOK to 3.91m NOK (+21.5% YoY). Calculated
↑
Equity strengthened

Book equity 524.6k NOK → 868.5k NOK (equity ratio 45.7% → 32.4%). Calculated
↑
Cash rose

Bank deposits 8.11m NOK → 8.83m NOK (+8.8% YoY). Calculated

↓
Current ratio dropped below 1×

Current ratio 1.66× → 0.71× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Payroll increased

Salary cost 1 171 NOK → 1.31m NOK (0% → 33% of revenue). Calculated