FirmaIQ
Org.nr 992 841 958 2018 → 2019 Year-over-year analysis

ADVOKATFIRMAET MIDGAARD & CO AS: årsregnskap 2019 vs 2018

Shrank 13% on revenue, slipped into loss, cash halved-plus

approved 2020-05-15; registry 2020-05-26; journal 2020 375354

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET MIDGAARD & CO AS. Revenue 5.54m NOK → 4.84m NOK (-12.6%). Net result +856.3k NOK → -326.2k NOK. Equity 840.6k NOK → 514.3k NOK.

Pressures included: revenue fell; fell into a net loss; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
5.54m NOK 4.84m NOK
-12.6%
Operating result
n/m -340.9k NOK
—
Net result
+856.3k NOK -326.2k NOK
-138.1%
Equity
840.6k NOK 514.3k NOK
-38.8%
Cash
333.6k NOK 102.5k NOK
-69.3%
Total assets
2.02m NOK 1.88m NOK
-6.8%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.54m NOK to 4.84m NOK (-12.6% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 856.3k NOK profit to a loss of 326.2k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 840.6k NOK → 514.3k NOK (equity ratio 41.6% → 27.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 333.6k NOK → 102.5k NOK (-69.3% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.76m NOK → 3.13m NOK (50% → 65% of revenue). Calculated