ADVOKATFIRMAET LIBERTUS AS: årsregnskap 2019 vs 2018
Grew 60% on revenue, stronger earnings
approved 2020-05-20; registry 2020-05-26; journal 2020 383824
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET LIBERTUS AS. Revenue 1.66m NOK → 2.66m NOK (+60.3%). Net result +63.1k NOK → +141.2k NOK. Equity 347.6k NOK → 488.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET LIBERTUS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.66m NOK to 2.66m NOK (+60.3% YoY). Calculated
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Operating result improved
Operating result +83.5k NOK → +170.0k NOK (op. margin 5.0% → 6.4%). Calculated
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Net result improved
Net result +63.1k NOK → +141.2k NOK (net margin 3.8% → 5.3%). Calculated
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Equity strengthened
Book equity 347.6k NOK → 488.7k NOK (equity ratio 40320.1% → 0.0%). Calculated
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Cash rose
Bank deposits 399.3k NOK → 616.5k NOK (+54.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.12m NOK → 1.96m NOK (67% → 74% of revenue). Calculated