FirmaIQ
Org.nr 919 280 700 2018 → 2019 Year-over-year analysis

ADVOKATFIRMAET ØIVIND ØSTBERG AS: årsregnskap 2019 vs 2018

Cash halved-plus

approved 2020-05-29; registry 2020-06-02; journal 2020 422528

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET ØIVIND ØSTBERG AS. Revenue 2.91m NOK → 3.02m NOK (+3.8%). Equity 9 420 NOK → 511.6k NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
2.91m NOK 3.02m NOK
+3.8%
Operating result
+565.8k NOK +101.1k NOK
-82.1%
Net result
n/m +91.3k NOK
—
Equity
9 420 NOK 511.6k NOK
+5331.3%
Cash
707.5k NOK 311.5k NOK
-56.0%
Total assets
998.1k NOK 264.5k NOK
-73.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.91m NOK to 3.02m NOK (+3.8% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 9 420 NOK → 511.6k NOK (equity ratio 0.9% → 193.4%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +565.8k NOK → +101.1k NOK (op. margin 19.4% → 3.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 707.5k NOK → 311.5k NOK (-56.0% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.73× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated