FirmaIQ
Org.nr 987 665 440 2016 → 2017 Year-over-year analysis

ADVOKATFIRMAET SALOMON JOHANSEN AS: årsregnskap 2017 vs 2016

Shrank 8% on revenue, slipped into loss, cash halved-plus

approved 2018-04-25; registry 2018-05-07; journal 2018 308454

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET SALOMON JOHANSEN AS. Revenue 29.97m NOK → 27.57m NOK (-8.0%). Net result +1.06m NOK → -426.7k NOK. Equity 9.42m NOK → 6.29m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATFIRMAET SALOMON JOHANSEN AS.

At a glance

Scorecard

Revenue
29.97m NOK 27.57m NOK
-8.0%
Net result
+1.06m NOK -426.7k NOK
-140.2%
Equity
9.42m NOK 6.29m NOK
-33.2%
Cash
7.66m NOK 3.03m NOK
-60.5%
Total assets
23.96m NOK 18.34m NOK
-23.4%

What improved

  • ↑

    Payroll decreased

    Salary cost 20.54m NOK → 20.20m NOK (69% → 73% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 29.97m NOK to 27.57m NOK (-8.0% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 1.06m NOK profit to a loss of 426.7k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 9.42m NOK → 6.29m NOK (equity ratio 39.3% → 34.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 7.66m NOK → 3.03m NOK (-60.5% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (7.66m NOK → 3.03m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation