ADVOKATFIRMAET PARMER AS: årsregnskap 2017 vs 2016
Shrank 30% on revenue, slipped into loss, cash halved-plus
approved 2018-05-24; registry 2018-06-04; journal 2018 392763
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET PARMER AS. Revenue 3.47m NOK → 2.42m NOK (-30.3%). Net result +595.7k NOK → -679.4k NOK. Equity 32.2k NOK → -647.2k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET PARMER AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.47m NOK to 2.42m NOK (-30.3% YoY). Calculated
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Fell into a net loss
Net result flipped from 595.7k NOK profit to a loss of 679.4k NOK. Calculated
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Equity eroded
Book equity 32.2k NOK → -647.2k NOK (equity ratio 1.5% → -61.9%). Calculated
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Cash fell
Bank deposits 530.8k NOK → 51.0k NOK (-90.4% YoY). Calculated
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Payroll up without matching revenue
Salary cost 1.50m NOK → 1.91m NOK (43% → 79% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -61.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 39.8k NOK → 3 196 NOK (-92.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 19.0k NOK → 19 NOK. Reported fact