FirmaIQ
Org.nr 917 334 110 2017 → 2018 Year-over-year analysis

ADVOKATFIRMAET TVETER OG KLØVFJELL AS: årsregnskap 2018 vs 2017

Shrank 21% on revenue, weaker earnings

approved 2019-04-30; registry 2019-05-04; journal 2019 330357

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET TVETER OG KLØVFJELL AS. Revenue 14.59m NOK → 11.47m NOK (-21.4%). Net result +3.37m NOK → +388.1k NOK. Equity 4.34m NOK → 4.73m NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
14.59m NOK 11.47m NOK
-21.4%
Operating result
+4.46m NOK +515.1k NOK
-88.5%
Net result
+3.37m NOK +388.1k NOK
-88.5%
Equity
4.34m NOK 4.73m NOK
+8.9%
Cash
3.13m NOK 4.06m NOK
+29.6%
Total assets
7.31m NOK 6.67m NOK
-8.7%

What improved

  • ↑

    Equity strengthened

    Book equity 4.34m NOK → 4.73m NOK (equity ratio 59.4% → 70.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.13m NOK → 4.06m NOK (+29.6% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 14.59m NOK to 11.47m NOK (-21.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +4.46m NOK → +515.1k NOK (op. margin 30.6% → 4.5%). Calculated

  • ↓

    Net result weakened

    Net result +3.37m NOK → +388.1k NOK (net margin 23.1% → 3.4%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 7.41m NOK → 7.55m NOK (51% → 66% of revenue). Calculated