ADVOKATFIRMAET MIDGAARD & CO AS: årsregnskap 2017 vs 2016
Shrank 41% on revenue, cash halved-plus
approved 2018-03-01; registry 2018-04-23; journal 2018 276466
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET MIDGAARD & CO AS. Revenue 7.02m NOK → 4.17m NOK (-40.6%). Equity 47.0k NOK → 184.3k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
Revenue
7.02m NOK
4.17m NOK
-40.6%
Net result
n/m
-862.6k NOK
—
Equity
47.0k NOK
184.3k NOK
+292.5%
Cash
606.9k NOK
236.4k NOK
-61.0%
Total assets
3.27m NOK
1.20m NOK
-63.4%
What improved
-
↑
Equity strengthened
Book equity 47.0k NOK → 184.3k NOK (equity ratio 1.4% → 15.4%). Calculated
-
↑
Payroll decreased
Salary cost 3.86m NOK → 3.35m NOK (55% → 80% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 7.02m NOK to 4.17m NOK (-40.6% YoY). Calculated
-
↓
Cash fell
Bank deposits 606.9k NOK → 236.4k NOK (-61.0% YoY). Calculated