ADVOKATFIRMAET LIPPESTAD AS: årsregnskap 2019 vs 2018
Grew 20% on revenue, weaker earnings, cash halved-plus
approved 2020-05-28; registry 2020-06-02; journal 2020 417434
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET LIPPESTAD AS. Revenue 14.47m NOK → 17.37m NOK (+20.0%). Net result +534.2k NOK → +164.2k NOK. Equity 919.5k NOK → 83.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. 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 14.47m NOK to 17.37m NOK (+20.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +849.3k NOK → +559.6k NOK (op. margin 5.9% → 3.2%). Calculated
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↓
Net result weakened
Net result +534.2k NOK → +164.2k NOK (net margin 3.7% → 0.9%). Calculated
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↓
Equity eroded
Book equity 919.5k NOK → 83.7k NOK (equity ratio 14.0% → 1.1%). Calculated
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↓
Cash fell
Bank deposits 483.3k NOK → 121.3k NOK (-74.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 7.18m NOK → 8.19m NOK (50% → 47% of revenue). Calculated