FirmaIQ
Org.nr 916 797 524 2018 → 2019 Year-over-year analysis

ADVOKATHUSET VELAND OG THINGVOLD AS: årsregnskap 2019 vs 2018

Shrank 15% on revenue, slipped into loss

approved 2020-04-26; registry 2020-06-02; journal 2020 418420

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATHUSET VELAND OG THINGVOLD AS. Revenue 6.99m NOK → 5.97m NOK (-14.6%). Net result +296.0k NOK → -7 453 NOK. Equity 1.07m NOK → 1.07m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
6.99m NOK 5.97m NOK
-14.6%
Operating result
+372.9k NOK -6 319 NOK
-101.7%
Net result
+296.0k NOK -7 453 NOK
-102.5%
Equity
1.07m NOK 1.07m NOK
-0.7%
Cash
513.6k NOK 818.8k NOK
+59.4%
Total assets
3.17m NOK 2.49m NOK
-21.5%

What improved

  • ↑

    Cash rose

    Bank deposits 513.6k NOK → 818.8k NOK (+59.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 4.38m NOK → 4.04m NOK (63% → 68% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.99m NOK to 5.97m NOK (-14.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +372.9k NOK → -6 319 NOK (op. margin 5.3% → -0.1%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 296.0k NOK profit to a loss of 7 453 NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.07m NOK → 1.07m NOK (equity ratio 33.9% → 42.9%). Calculated