ADVOKATFIRMAET TORGERSEN AS: årsregnskap 2019 vs 2018
Grew 179391% on revenue, stronger earnings, cash halved-plus
approved 2020-01-27; registry 2020-03-30; journal 2020 266015
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET TORGERSEN AS. Revenue 1 401 NOK → 2.51m NOK (+179390.5%). Net result +259.7k NOK → +762.5k NOK. Equity 9.28m NOK → 10.49m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMAET TORGERSEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1 401 NOK to 2.51m NOK (+179390.5% YoY). Calculated
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Operating result improved
Operating result +334.3k NOK → +985.6k NOK (op. margin 23858.4% → 39.2%). Calculated
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Net result improved
Net result +259.7k NOK → +762.5k NOK (net margin 18539.8% → 30.3%). Calculated
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Equity strengthened
Book equity 9.28m NOK → 10.49m NOK (equity ratio 906.3% → 1731.7%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 824.6k NOK → 9 377 NOK (-98.9% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 278.4k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation