FirmaIQ
Org.nr 989 523 716 2017 → 2018 Year-over-year analysis

ADVOKATFIRMAET MIDTHJELL AS: årsregnskap 2018 vs 2017

Shrank 16% on revenue, weaker earnings

approved 2019-04-26; registry 2019-04-30; journal 2019 317668

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET MIDTHJELL AS. Revenue 10.15m NOK → 8.51m NOK (-16.1%). Net result +5.03m NOK → +3.51m NOK. Equity 35.44m NOK → 38.95m NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
10.15m NOK 8.51m NOK
-16.1%
Operating result
+6.42m NOK +4.52m NOK
-29.6%
Net result
+5.03m NOK +3.51m NOK
-30.3%
Equity
35.44m NOK 38.95m NOK
+9.9%
Cash
35.21m NOK 38.11m NOK
+8.2%
Total assets
37.84m NOK 40.78m NOK
+7.8%

What improved

  • ↑

    Equity strengthened

    Book equity 35.44m NOK → 38.95m NOK (equity ratio 93.7% → 95.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 35.21m NOK → 38.11m NOK (+8.2% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.83m NOK → 1.66m NOK (18% → 19% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 10.15m NOK to 8.51m NOK (-16.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +6.42m NOK → +4.52m NOK (op. margin 63.2% → 53.1%). Calculated

  • ↓

    Net result weakened

    Net result +5.03m NOK → +3.51m NOK (net margin 49.6% → 41.2%). Calculated