ADVOKATFIRMAET SALOMON JOHANSEN AS: årsregnskap 2019 vs 2018
Weaker earnings
approved 2020-04-09; registry 2020-04-18; journal 2020 293579
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET SALOMON JOHANSEN AS. Revenue 31.05m NOK → 30.62m NOK (-1.4%). Net result +166.7k NOK → +64.9k NOK. Equity 5.46m NOK → 4.53m NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
31.05m NOK
30.62m NOK
-1.4%
Operating result
n/m
-232.6k NOK
—
Net result
+166.7k NOK
+64.9k NOK
-61.1%
Equity
5.46m NOK
4.53m NOK
-17.1%
Cash
3.39m NOK
3.36m NOK
-0.9%
Total assets
18.16m NOK
15.24m NOK
-16.1%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 31.05m NOK to 30.62m NOK (-1.4% YoY). Calculated
-
↓
Net result weakened
Net result +166.7k NOK → +64.9k NOK (net margin 0.5% → 0.2%). Calculated
-
↓
Equity eroded
Book equity 5.46m NOK → 4.53m NOK (equity ratio 30.1% → 29.7%). Calculated
-
↓
Cash fell
Bank deposits 3.39m NOK → 3.36m NOK (-0.9% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 21.65m NOK → 22.86m NOK (70% → 75% of revenue). Calculated