ADVOKATFIRMAET MONSEN AS: årsregnskap 2018 vs 2017
Grew 7% on revenue, slipped into loss, cash halved-plus
approved 2019-04-03; registry 2019-04-08; journal 2019 278268
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET MONSEN AS. Revenue 275.8k NOK → 296.1k NOK (+7.4%). Net result +140.8k NOK → -162.7k NOK. Equity 150.4k NOK → -12.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET MONSEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 275.8k NOK to 296.1k NOK (+7.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +142.5k NOK → -162.8k NOK (op. margin 51.7% → -55.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 140.8k NOK profit to a loss of 162.7k NOK. Calculated
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↓
Equity eroded
Book equity 150.4k NOK → -12.3k NOK (equity ratio 66.5% → -9.9%). Calculated
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↓
Cash fell
Bank deposits 2.11m NOK → 90.0k NOK (-95.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.98× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.11m NOK → 90.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 75.9k NOK → 3.29m NOK (28% → 1112% of revenue). Calculated