FirmaIQ
Org.nr 979 423 438 2018 → 2019 Year-over-year analysis

ADVOKATFIRMAET MORTEN PERSEN AS: årsregnskap 2019 vs 2018

Shrank 30% on revenue, weaker earnings

approved 2020-04-29; registry 2020-05-04; journal 2020 326942

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET MORTEN PERSEN AS. Revenue 598.0k NOK → 421.4k NOK (-29.5%). Net result +308.3k NOK → +109.4k NOK. Equity 5.28m NOK → 393.2k NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
598.0k NOK 421.4k NOK
-29.5%
Operating result
+327.0k NOK +145.5k NOK
-55.5%
Net result
+308.3k NOK +109.4k NOK
-64.5%
Equity
5.28m NOK 393.2k NOK
-92.6%
Cash
283.2k NOK 673.9k NOK
+137.9%
Total assets
431.8k NOK 816.8k NOK
+89.2%

What improved

  • ↑

    Cash rose

    Bank deposits 283.2k NOK → 673.9k NOK (+137.9% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 598.0k NOK to 421.4k NOK (-29.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +327.0k NOK → +145.5k NOK (op. margin 54.7% → 34.5%). Calculated

  • ↓

    Net result weakened

    Net result +308.3k NOK → +109.4k NOK (net margin 51.6% → 26.0%). Calculated

  • ↓

    Equity eroded

    Book equity 5.28m NOK → 393.2k NOK (equity ratio 1223.7% → 48.1%). Calculated