Org.nr 913 103 157 2017 → 2018 Year-over-year analysis

ADVOKATFIRMAET MUNIR AS: årsregnskap 2018 vs 2017

Shrank 17% on revenue, cash halved-plus

approved 2019-03-20; registry 2019-06-11; journal 2019 491163

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET MUNIR AS. Revenue 2.08m NOK → 1.72m NOK (-17.0%). Equity 623.2k NOK → 418.2k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Net tougher year on the published lines.

At a glance

Revenue

2.08m NOK 1.72m NOK

-17.0%

Operating result

+12.5k NOK -204.3k NOK

-1731.2%

Equity

623.2k NOK 418.2k NOK

-32.9%

Cash

621.2k NOK 290.7k NOK

-53.2%

Total assets

1.17m NOK 828.0k NOK

-29.4%

↑
Payroll decreased

Salary cost 1.36m NOK → 1.15m NOK (65% → 66% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.08m NOK to 1.72m NOK (-17.0% YoY). Calculated
↓
Operating result weakened

Operating result +12.5k NOK → -204.3k NOK (op. margin 0.6% → -11.9%). Calculated
↓
Equity eroded

Book equity 623.2k NOK → 418.2k NOK (equity ratio 53.1% → 50.5%). Calculated
↓
Cash fell

Bank deposits 621.2k NOK → 290.7k NOK (-53.2% YoY). Calculated