ADVOKATFIRMAET LIPPESTAD AS: årsregnskap 2018 vs 2017
Grew 99% on revenue, stronger earnings
approved 2019-04-12; registry 2019-04-29; journal 2019 315266
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET LIPPESTAD AS. Revenue 7.26m NOK → 14.47m NOK (+99.2%). Net result +363.2k NOK → +534.2k NOK. Equity 4.39m NOK → 919.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET LIPPESTAD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.26m NOK to 14.47m NOK (+99.2% YoY). Calculated
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Operating result improved
Operating result +563.6k NOK → +849.3k NOK (op. margin 7.8% → 5.9%). Calculated
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Net result improved
Net result +363.2k NOK → +534.2k NOK (net margin 5.0% → 3.7%). Calculated
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Cash rose
Bank deposits 421.7k NOK → 483.3k NOK (+14.6% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.81× → 1.32×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.39m NOK → 919.5k NOK (equity ratio 119.3% → 14.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 4.27m NOK → 7.18m NOK (59% → 50% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 1 500 NOK → 80.7k NOK. Reported fact