Org.nr 997 372 301 2017 → 2018 Year-over-year analysis

ADVOKATFIRMAET MELAND AS: årsregnskap 2018 vs 2017

Shrank 9% on revenue

approved 2019-04-24; registry 2019-05-02; journal 2019 323265

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET MELAND AS. Revenue 5.97m NOK → 5.41m NOK (-9.4%). Equity 716.5k NOK → 226.4k NOK.

On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET MELAND AS.

At a glance

Revenue

5.97m NOK 5.41m NOK

-9.4%

Operating result

+133.1k NOK n/m

—

Net result

+816.2k NOK n/m

—

Equity

716.5k NOK 226.4k NOK

-68.4%

Cash

1.68m NOK 1.09m NOK

-35.4%

Total assets

5.05m NOK 5.02m NOK

-0.5%

↑
Current ratio back above 1×

Current ratio 0.96× → 1.11×. Calculated
↑
Payroll decreased

Salary cost 2.86m NOK → 2.85m NOK (48% → 53% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 5.97m NOK to 5.41m NOK (-9.4% YoY). Calculated
↓
Equity eroded

Book equity 716.5k NOK → 226.4k NOK (equity ratio 14.2% → 4.5%). Calculated
↓
Cash fell

Bank deposits 1.68m NOK → 1.09m NOK (-35.4% YoY). Calculated
↓
COGS moved

COGS / varekostnad 263.7k NOK → 292.8k NOK (+11.0% YoY). Calculated

·
Thin equity buffer

Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation