ADVOKATFIRMAET SHAH AS: årsregnskap 2019 vs 2018
Shrank 40% on revenue, weaker earnings
approved 2020-05-20; registry 2020-06-03; journal 2020 424153
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET SHAH AS. Revenue 3.57m NOK → 2.13m NOK (-40.4%). Net result +642.8k NOK → +197.7k NOK. Equity 1 196 NOK → 1.09m NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1 196 NOK → 1.09m NOK (equity ratio 2.4% → 69.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.06× → 3.27×. Calculated
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↑
Payroll decreased
Salary cost 1.84m NOK → 1.02m NOK (51% → 48% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.57m NOK to 2.13m NOK (-40.4% YoY). Calculated
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↓
Operating result weakened
Operating result +841.2k NOK → +260.5k NOK (op. margin 23.5% → 12.2%). Calculated
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↓
Net result weakened
Net result +642.8k NOK → +197.7k NOK (net margin 18.0% → 9.3%). Calculated
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↓
Cash fell
Bank deposits 918.4k NOK → 823.1k NOK (-10.4% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 4 039 NOK → 32.2k NOK (+696.5% YoY). Calculated