ADVOKATFIRMAET RUSTAD OG BORG AS: årsregnskap 2019 vs 2018
Grew 109322% on revenue, cash halved-plus
approved 2020-05-29; registry 2020-06-02; journal 2020 421944
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET RUSTAD OG BORG AS. Revenue 4 572 NOK → 5.00m NOK (+109322.2%). Equity 6.30m NOK → 300.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET RUSTAD OG BORG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4 572 NOK to 5.00m NOK (+109322.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -723 NOK → -4 945 NOK (op. margin -15.8% → -0.1%). Calculated
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↓
Equity eroded
Book equity 6.30m NOK → 300.0k NOK (equity ratio 246.1% → 8.9%). Calculated
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↓
Cash fell
Bank deposits 828.3k NOK → 311.5k NOK (-62.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3 631 NOK → 4.08m NOK (79% → 81% of revenue). Calculated