FirmaIQ
Org.nr 915 965 091 2018 → 2019 Year-over-year analysis

ADVOKATFIRMAET TORSTRUP AS: årsregnskap 2019 vs 2018

Cash halved-plus

approved 2020-04-03; registry 2020-05-16; journal 2020 363322

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET TORSTRUP AS. Revenue 33.33m NOK → 32.92m NOK (-1.2%). Net result +6.18m NOK → +6.92m NOK. Equity 637.5k NOK → 7.44m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMAET TORSTRUP AS.

At a glance

Scorecard

Revenue
33.33m NOK 32.92m NOK
-1.2%
Operating result
+8.18m NOK +8.97m NOK
+9.7%
Net result
+6.18m NOK +6.92m NOK
+12.0%
Equity
637.5k NOK 7.44m NOK
+1067.7%
Cash
3.72m NOK 1.50m NOK
-59.8%
Total assets
16.18m NOK 17.38m NOK
+7.4%

What improved

  • ↑

    Operating result improved

    Operating result +8.18m NOK → +8.97m NOK (op. margin 24.6% → 27.3%). Calculated

  • ↑

    Net result improved

    Net result +6.18m NOK → +6.92m NOK (net margin 18.6% → 21.0%). Calculated

  • ↑

    Equity strengthened

    Book equity 637.5k NOK → 7.44m NOK (equity ratio 3.9% → 42.8%). Calculated

  • ↑

    Payroll decreased

    Salary cost 16.89m NOK → 16.50m NOK (51% → 50% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 33.33m NOK to 32.92m NOK (-1.2% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 3.72m NOK → 1.50m NOK (-59.8% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 105.0k NOK → 170 NOK — check capital reduction, conversion, or reclassification. Interpretation