ADVOKATFIRMAET SELMER AS: årsregnskap 2019 vs 2018
Grew 111077124% on revenue, stronger earnings
approved 2020-02-27; registry 2020-05-06; journal 2020 331518
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET SELMER AS. Revenue 440 NOK → 488.74m NOK (+111077123.9%). Net result +169.9k NOK → +166.03m NOK. Equity 960.0k NOK → 20.0k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET SELMER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 440 NOK to 488.74m NOK (+111077123.9% YoY). Calculated
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↑
Net result improved
Net result +169.9k NOK → +166.03m NOK (net margin 38607.0% → 34.0%). Calculated
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↑
Cash rose
Bank deposits 56.9k NOK → 66.94m NOK (+117547.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 960.0k NOK → 20.0k NOK (equity ratio 0.4% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 990.0k NOK → 70.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 193.8k NOK → 231.74m NOK (44056% → 47% of revenue). Calculated