ADVOKATFIRMAET ØSTBERG AS: årsregnskap 2017 vs 2016
Shrank 45% on revenue, cash halved-plus
approved 2018-04-27; registry 2018-05-08; journal 2018 312936
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET ØSTBERG AS. Revenue 2.44m NOK → 1.35m NOK (-44.8%). Equity 284 NOK → 137.6k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
2.44m NOK
1.35m NOK
-44.8%
Equity
284 NOK
137.6k NOK
+48362.3%
Cash
470.4k NOK
200.8k NOK
-57.3%
Total assets
960.9k NOK
534.0k NOK
-44.4%
What improved
-
↑
Equity strengthened
Book equity 284 NOK → 137.6k NOK (equity ratio 0.0% → 25.8%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.44m NOK to 1.35m NOK (-44.8% YoY). Calculated
-
↓
Cash fell
Bank deposits 470.4k NOK → 200.8k NOK (-57.3% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.62m NOK → 2.93m NOK (66% → 218% of revenue). Calculated