ADVOKATFIRMAET SHAH AS: årsregnskap 2018 vs 2017
Grew 120% on revenue, stronger earnings
approved 2019-05-03; registry 2019-05-09; journal 2019 350017
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET SHAH AS. Revenue 1.63m NOK → 3.57m NOK (+119.7%). Net result +17.7k NOK → +642.8k NOK. Equity 553.6k NOK → 1 196 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET SHAH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.63m NOK to 3.57m NOK (+119.7% YoY). Calculated
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Operating result improved
Operating result +27.0k NOK → +841.2k NOK (op. margin 1.7% → 23.5%). Calculated
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Net result improved
Net result +17.7k NOK → +642.8k NOK (net margin 1.1% → 18.0%). Calculated
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Cash rose
Bank deposits 390.4k NOK → 918.4k NOK (+135.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 553.6k NOK → 1 196 NOK (equity ratio 67.4% → 2.4%). Calculated
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Current ratio dropped below 1×
Current ratio 3.07× → 0.06× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 874.9k NOK → 1.84m NOK (54% → 51% of revenue). Calculated