ADVOKATFIRMAET SPORSHEIM AS: årsregnskap 2019 vs 2018
Shrank 7% on revenue, stronger earnings
approved 2020-05-29; registry 2020-06-02; journal 2020 421292
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET SPORSHEIM AS. Revenue 3.36m NOK → 3.14m NOK (-6.6%). Net result +26.5k NOK → +373.7k NOK. Equity 424.3k NOK → 50.7k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMAET SPORSHEIM AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +26.5k NOK → +373.7k NOK (net margin 0.8% → 11.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.36m NOK to 3.14m NOK (-6.6% YoY). Calculated
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↓
Operating result weakened
Operating result +48.0k NOK → -453.3k NOK (op. margin 1.4% → -14.4%). Calculated
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↓
Equity eroded
Book equity 424.3k NOK → 50.7k NOK (equity ratio 24.1% → 2.7%). Calculated
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↓
Cash fell
Bank deposits 86.6k NOK → 71.1k NOK (-17.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 174.0k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation