ADVOKATFIRMAET NYHEIM AS: årsregnskap 2018 vs 2017
Grew 814% on revenue, weaker earnings, cash halved-plus
approved 2019-04-05; registry 2019-05-20; journal 2019 379764
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET NYHEIM AS. Revenue 186.1k NOK → 1.70m NOK (+813.9%). Net result +8.27m NOK → +569.2k NOK. Equity 9.64m NOK → 9.49m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET NYHEIM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 186.1k NOK to 1.70m NOK (+813.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +880.0k NOK → -260.5k NOK (op. margin 472.7% → -15.3%). Calculated
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↓
Net result weakened
Net result +8.27m NOK → +569.2k NOK (net margin 4445.3% → 33.5%). Calculated
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↓
Equity eroded
Book equity 9.64m NOK → 9.49m NOK (equity ratio 20.0% → 75.5%). Calculated
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↓
Cash fell
Bank deposits 45.51m NOK → 3.23m NOK (-92.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (45.51m NOK → 3.23m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 121.0k NOK → 141.8k NOK (65% → 8% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 697.9k NOK → 413.1k NOK. Reported fact