ADVOKATHUSET BREIVIK AS: årsregnskap 2018 vs 2017
Shrank 22% on revenue, slipped into loss
approved 2019-04-04; registry 2019-04-25; journal 2019 304846
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATHUSET BREIVIK AS. Revenue 2.78m NOK → 2.16m NOK (-22.4%). Net result +5.24m NOK → -317.8k NOK. Equity 352.4k NOK → 34.6k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATHUSET BREIVIK AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.78m NOK to 2.16m NOK (-22.4% YoY). Calculated
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Operating result weakened
Operating result +322.3k NOK → -409.0k NOK (op. margin 11.6% → -19.0%). Calculated
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Fell into a net loss
Net result flipped from 5.24m NOK profit to a loss of 317.8k NOK. Calculated
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Equity eroded
Book equity 352.4k NOK → 34.6k NOK (equity ratio 35.4% → 4.8%). Calculated
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Cash fell
Bank deposits 501.7k NOK → 330.4k NOK (-34.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 161.8k NOK → 25.5k NOK (-84.2% YoY). Calculated