ADVOKATFIRMAET STEINSVIK AS: årsregnskap 2019 vs 2018
Grew 34% on revenue, stronger earnings, cash halved-plus
approved 2020-05-28; registry 2020-06-02; journal 2020 420276
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET STEINSVIK AS. Revenue 3.08m NOK → 4.14m NOK (+34.5%). Net result +35.5k NOK → +5.33m NOK. Equity 666.4k NOK → 974.0k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET STEINSVIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.08m NOK to 4.14m NOK (+34.5% YoY). Calculated
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↑
Net result improved
Net result +35.5k NOK → +5.33m NOK (net margin 1.2% → 128.7%). Calculated
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↑
Equity strengthened
Book equity 666.4k NOK → 974.0k NOK (equity ratio 52.3% → 55.7%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 870.2k NOK → 70.3k NOK (-91.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.09m NOK → 2.49m NOK (68% → 60% of revenue). Calculated