FirmaIQ
Org.nr 989 523 716 2018 → 2019 Year-over-year analysis

ADVOKATFIRMAET MIDTHJELL AS: årsregnskap 2019 vs 2018

Shrank 9% on revenue

approved 2020-05-27; registry 2020-06-02; journal 2020 412516

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET MIDTHJELL AS. Revenue 8.51m NOK → 7.72m NOK (-9.3%). Net result +3.51m NOK → +2.98m NOK. Equity 38.95m NOK → 41.82m NOK.

On the constructive side: equity strengthened; 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
8.51m NOK 7.72m NOK
-9.3%
Operating result
+4.52m NOK +3.60m NOK
-20.4%
Net result
+3.51m NOK +2.98m NOK
-14.9%
Equity
38.95m NOK 41.82m NOK
+7.4%
Cash
38.11m NOK n/m
—
Total assets
40.78m NOK 43.33m NOK
+6.3%

What improved

  • ↑

    Equity strengthened

    Book equity 38.95m NOK → 41.82m NOK (equity ratio 95.5% → 96.5%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.66m NOK → 4 NOK (19% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 8.51m NOK to 7.72m NOK (-9.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +4.52m NOK → +3.60m NOK (op. margin 53.1% → 46.6%). Calculated

  • ↓

    Net result weakened

    Net result +3.51m NOK → +2.98m NOK (net margin 41.2% → 38.6%). Calculated