FirmaIQ
Org.nr 987 597 348 2016 → 2017 Year-over-year analysis

ADVOKATFIRMAET ØRAKER AS: årsregnskap 2017 vs 2016

Shrank 9% on revenue, weaker earnings, cash halved-plus

approved 2018-02-14; registry 2018-03-19; journal 2018 237331

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET ØRAKER AS. Revenue 4.35m NOK → 3.95m NOK (-9.1%). Net result +335.0k NOK → +241.1k NOK. Equity 655.2k NOK → 656.3k NOK.

On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATFIRMAET ØRAKER AS.

At a glance

Scorecard

Revenue
4.35m NOK 3.95m NOK
-9.1%
Operating result
+447.0k NOK +317.9k NOK
-28.9%
Net result
+335.0k NOK +241.1k NOK
-28.0%
Equity
655.2k NOK 656.3k NOK
+0.2%
Cash
1.06m NOK 388.5k NOK
-63.4%
Total assets
2.08m NOK 1.79m NOK
-13.9%

What improved

  • ↑

    Equity strengthened

    Book equity 655.2k NOK → 656.3k NOK (equity ratio 31.6% → 36.7%). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.13m NOK → 2.86m NOK (72% → 72% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.35m NOK to 3.95m NOK (-9.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +447.0k NOK → +317.9k NOK (op. margin 10.3% → 8.0%). Calculated

  • ↓

    Net result weakened

    Net result +335.0k NOK → +241.1k NOK (net margin 7.7% → 6.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.06m NOK → 388.5k NOK (-63.4% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.06m NOK → 388.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation