FirmaIQ
Org.nr 812 015 362 2017 → 2018 Year-over-year analysis

ADVOKATFIRMAET STEINSVIK AS: årsregnskap 2018 vs 2017

Shrank 26% on revenue, weaker earnings

approved 2019-04-23; registry 2019-04-29; journal 2019 316428

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET STEINSVIK AS. Revenue 4.15m NOK → 3.08m NOK (-25.8%). Net result +522.1k NOK → +35.5k NOK. Equity 852.2k NOK → 666.4k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
4.15m NOK 3.08m NOK
-25.8%
Operating result
+689.2k NOK n/m
—
Net result
+522.1k NOK +35.5k NOK
-93.2%
Equity
852.2k NOK 666.4k NOK
-21.8%
Cash
978.4k NOK 870.2k NOK
-11.1%
Total assets
1.99m NOK 1.27m NOK
-36.1%

What improved

  • ↑

    Payroll decreased

    Salary cost 2.38m NOK → 2.09m NOK (57% → 68% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.15m NOK to 3.08m NOK (-25.8% YoY). Calculated

  • ↓

    Net result weakened

    Net result +522.1k NOK → +35.5k NOK (net margin 12.6% → 1.2%). Calculated

  • ↓

    Equity eroded

    Book equity 852.2k NOK → 666.4k NOK (equity ratio 42.8% → 52.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 978.4k NOK → 870.2k NOK (-11.1% YoY). Calculated