FirmaIQ
Org.nr 986 552 073 2018 → 2019 Year-over-year analysis

ADVOKATFIRMAET SGB AS: årsregnskap 2019 vs 2018

Grew 25% on revenue

approved 2020-04-30; registry 2020-05-07; journal 2020 338143

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET SGB AS. Revenue 29.14m NOK → 36.32m NOK (+24.6%). Net result +9.21m NOK → +10.63m NOK. Equity 4.98m NOK → 5.73m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET SGB AS.

At a glance

Scorecard

Revenue
29.14m NOK 36.32m NOK
+24.6%
Operating result
+9.33m NOK +10.78m NOK
+15.5%
Net result
+9.21m NOK +10.63m NOK
+15.5%
Equity
4.98m NOK 5.73m NOK
+15.1%
Cash
64.8k NOK 685.7k NOK
+957.3%
Total assets
8.97m NOK 10.68m NOK
+19.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 29.14m NOK to 36.32m NOK (+24.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +9.33m NOK → +10.78m NOK (op. margin 32.0% → 29.7%). Calculated

  • ↑

    Net result improved

    Net result +9.21m NOK → +10.63m NOK (net margin 31.6% → 29.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 4.98m NOK → 5.73m NOK (equity ratio 55.5% → 53.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 64.8k NOK → 685.7k NOK (+957.3% YoY). Calculated

What deteriorated

  • ↓

    Current ratio dropped below 1×

    Current ratio 2.21× → 0.14× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 13.30m NOK → 14.42m NOK (46% → 40% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 3 400 NOK → 2.71m NOK (+79478.1% YoY). Calculated