FirmaIQ
Org.nr 987 897 643 2018 → 2019 Year-over-year analysis

ADVOKATFIRMAET NYHEIM AS: årsregnskap 2019 vs 2018

Shrank 49% on revenue, slipped into loss

approved 2020-04-27; registry 2020-06-25; journal 2020 503885

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET NYHEIM AS. Revenue 1.70m NOK → 868.9k NOK (-48.9%). Net result +569.2k NOK → -158.8k NOK. Equity 9.49m NOK → 9.33m NOK.

On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET NYHEIM AS.

At a glance

Scorecard

Revenue
1.70m NOK 868.9k NOK
-48.9%
Operating result
-260.5k NOK +172.5k NOK
+166.2%
Net result
+569.2k NOK -158.8k NOK
-127.9%
Equity
9.49m NOK 9.33m NOK
-1.7%
Cash
3.23m NOK 26.53m NOK
+721.1%
Total assets
12.57m NOK 40.80m NOK
+224.7%

What improved

  • ↑

    Operating result improved

    Operating result -260.5k NOK → +172.5k NOK (op. margin -15.3% → 19.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.23m NOK → 26.53m NOK (+721.1% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.70m NOK to 868.9k NOK (-48.9% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 569.2k NOK profit to a loss of 158.8k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 9.49m NOK → 9.33m NOK (equity ratio 75.5% → 22.9%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 141.8k NOK → 518.9k NOK (8% → 60% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 413.1k NOK → 183.1k NOK. Reported fact