ADVOKATFIRMAET ØSTBERG AS: årsregnskap 2019 vs 2018
Grew 220% on revenue, weaker earnings, cash halved-plus
approved 2020-05-29; registry 2020-06-02; journal 2020 421974
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET ØSTBERG AS. Revenue 98.2k NOK → 314.1k NOK (+220.0%). Net result +60.1k NOK → +41.6k NOK. Equity 197.7k NOK → 239.3k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET ØSTBERG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 98.2k NOK to 314.1k NOK (+220.0% YoY). Calculated
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↑
Equity strengthened
Book equity 197.7k NOK → 239.3k NOK (equity ratio 30.6% → 43.6%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +65.1k NOK → +53.7k NOK (op. margin 66.3% → 17.1%). Calculated
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↓
Net result weakened
Net result +60.1k NOK → +41.6k NOK (net margin 61.2% → 13.3%). Calculated
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↓
Cash fell
Bank deposits 458.2k NOK → 127.1k NOK (-72.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 756.0k NOK → 970.6k NOK (770% → 309% of revenue). Calculated