FirmaIQ
Org.nr 997 509 552 2016 → 2017 Year-over-year analysis

ADVOKATFIRMAET TØNSET AS: årsregnskap 2017 vs 2016

Shrank 8% on revenue, slipped into loss, cash halved-plus

approved 2018-03-23; registry 2018-04-19; journal 2018 273552

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for ADVOKATFIRMAET TØNSET AS. Revenue 3.64m NOK → 3.36m NOK (-7.7%). Net result +348.0k NOK → -267.3k NOK. Equity 837.9k NOK → 570.6k NOK.

On the constructive side: current ratio back above 1×. Pressures included: revenue fell; fell into a net loss; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
3.64m NOK 3.36m NOK
-7.7%
Net result
+348.0k NOK -267.3k NOK
-176.8%
Equity
837.9k NOK 570.6k NOK
-31.9%
Cash
735.3k NOK 80.4k NOK
-89.1%
Total assets
1.72m NOK 1.31m NOK
-23.9%

What improved

  • ↑

    Current ratio back above 1×

    Current ratio 0.97× → 1.80×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.64m NOK to 3.36m NOK (-7.7% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 348.0k NOK profit to a loss of 267.3k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 837.9k NOK → 570.6k NOK (equity ratio 48.8% → 43.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 735.3k NOK → 80.4k NOK (-89.1% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.29m NOK → 2.53m NOK (63% → 75% of revenue). Calculated