ADVOKATHUSET VELAND OG THINGVOLD AS: årsregnskap 2018 vs 2017
Grew 20% on revenue, returned to profit
approved 2019-04-26; registry 2019-05-02; journal 2019 322407
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATHUSET VELAND OG THINGVOLD AS. Revenue 5.82m NOK → 6.99m NOK (+20.1%). Net result -89.8k NOK → +296.0k NOK. Equity 777.1k NOK → 1.07m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATHUSET VELAND OG THINGVOLD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.82m NOK to 6.99m NOK (+20.1% YoY). Calculated
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↑
Operating result improved
Operating result -87.3k NOK → +372.9k NOK (op. margin -1.5% → 5.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 89.8k NOK to a profit of 296.0k NOK. Calculated
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↑
Equity strengthened
Book equity 777.1k NOK → 1.07m NOK (equity ratio 39.6% → 33.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 696.3k NOK → 513.6k NOK (-26.2% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.94m NOK → 4.38m NOK (68% → 63% of revenue). Calculated