ADVOKATFIRMAET OLDERMANN AS: årsregnskap 2017 vs 2016
Grew 40% on revenue, weaker earnings
approved 2018-03-21; registry 2018-04-07; journal 2018 251608
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET OLDERMANN AS. Revenue 2.36m NOK → 3.31m NOK (+39.9%). Net result +4.62m NOK → +572.2k NOK. Equity 4.14m NOK → 215.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET OLDERMANN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.36m NOK to 3.31m NOK (+39.9% YoY). Calculated
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↑
Cash rose
Bank deposits 292.7k NOK → 365.5k NOK (+24.9% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +4.62m NOK → +572.2k NOK (net margin 195.5% → 17.3%). Calculated
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↓
Equity eroded
Book equity 4.14m NOK → 215.7k NOK (equity ratio 216.8% → 11.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1067.57× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2 663 NOK → 1.43m NOK (0% → 43% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 8 200 NOK. Reported fact