ADVOKATFIRMAET MONICA LINDBECK AS: årsregnskap 2018 vs 2017
Shrank 18% on revenue, stronger earnings, cash halved-plus
approved 2019-04-30; registry 2019-05-04; journal 2019 330995
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET MONICA LINDBECK AS. Revenue 1.67m NOK → 1.38m NOK (-17.6%). Net result +135.3k NOK → +188.2k NOK. Equity 5.13m NOK → -61.0k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET MONICA LINDBECK AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +176.0k NOK → +223.6k NOK (op. margin 10.5% → 16.2%). Calculated
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Net result improved
Net result +135.3k NOK → +188.2k NOK (net margin 8.1% → 13.7%). Calculated
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Payroll decreased
Salary cost 994.7k NOK → 2 NOK (60% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.67m NOK to 1.38m NOK (-17.6% YoY). Calculated
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Equity eroded
Book equity 5.13m NOK → -61.0k NOK (equity ratio 732.9% → -10.2%). Calculated
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Cash fell
Bank deposits 256.5k NOK → 82.6k NOK (-67.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.10× → 0.16× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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COGS moved
COGS / varekostnad 1 658 NOK → 15.3k NOK (+821.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -10.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation