ADVOKATFIRMAET OLDERMANN AS: årsregnskap 2018 vs 2017
Grew 28% on revenue, weaker earnings
approved 2019-02-28; registry 2019-04-29; journal 2019 313688
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET OLDERMANN AS. Revenue 3.31m NOK → 4.22m NOK (+27.6%). Net result +572.2k NOK → +441.2k NOK. Equity 215.7k NOK → 256.9k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved; 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 3.31m NOK to 4.22m NOK (+27.6% YoY). Calculated
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↑
Equity strengthened
Book equity 215.7k NOK → 256.9k NOK (equity ratio 11.8% → 16.4%). Calculated
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↑
Cash rose
Bank deposits 365.5k NOK → 747.1k NOK (+104.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.86× → 1.05×. Calculated
What deteriorated
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↓
Net result weakened
Net result +572.2k NOK → +441.2k NOK (net margin 17.3% → 10.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.43m NOK → 1.44m NOK (43% → 34% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 489 NOK → 74.5k NOK (+15132.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 8 200 NOK → 1 200 NOK. Reported fact