ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS: årsregnskap 2019 vs 2018
Grew 14% on revenue, stronger earnings, cash halved-plus
approved 2020-02-21; registry 2020-06-17; journal 2020 473634
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS. Revenue 7.36m NOK → 8.41m NOK (+14.2%). Net result +409.2k NOK → +920.5k NOK. Equity 30.0k NOK → 350.5k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 7.36m NOK to 8.41m NOK (+14.2% YoY). Calculated
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Net result improved
Net result +409.2k NOK → +920.5k NOK (net margin 5.6% → 10.9%). Calculated
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Equity strengthened
Book equity 30.0k NOK → 350.5k NOK (equity ratio 1.4% → 12.6%). Calculated
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Current ratio back above 1×
Current ratio 0.92× → 1.07×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +711.54m NOK → +1 181 NOK (op. margin 9662.6% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 952.6k NOK → 424.2k NOK (-55.5% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 5.33m NOK → 5.64m NOK (72% → 67% of revenue). Calculated