FirmaIQ
Org.nr 992 841 958 2017 → 2018 Year-over-year analysis

ADVOKATFIRMAET MIDGAARD & CO AS: årsregnskap 2018 vs 2017

Grew 33% on revenue, returned to profit

approved 2019-03-27; registry 2019-05-13; journal 2019 357528

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET MIDGAARD & CO AS. Revenue 4.17m NOK → 5.54m NOK (+32.9%). Net result -862.6k NOK → +856.3k NOK. Equity 184.3k NOK → 840.6k NOK.

On the constructive side: revenue rose; turned profitable; equity strengthened.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
4.17m NOK 5.54m NOK
+32.9%
Net result
-862.6k NOK +856.3k NOK
+199.3%
Equity
184.3k NOK 840.6k NOK
+356.1%
Cash
236.4k NOK 333.6k NOK
+41.1%
Total assets
1.20m NOK 2.02m NOK
+68.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.17m NOK to 5.54m NOK (+32.9% YoY). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 862.6k NOK to a profit of 856.3k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 184.3k NOK → 840.6k NOK (equity ratio 15.4% → 41.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 236.4k NOK → 333.6k NOK (+41.1% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.35m NOK → 2.76m NOK (80% → 50% of revenue). Calculated