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Org.nr 966 370 505 2017 → 2018 Year-over-year analysis

ADVOKATKOLLEGIET KINDEM & CO AS: årsregnskap 2018 vs 2017

Stronger earnings

approved 2019-05-24; registry 2019-06-13; journal 2019 419318

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVOKATKOLLEGIET KINDEM & CO AS. Revenue 4.31m NOK → 4.45m NOK (+3.4%). Net result +2 447 NOK → +65.0k NOK. Equity 13.87m NOK → 11.94m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATKOLLEGIET KINDEM & CO AS.

At a glance

Scorecard

Revenue
4.31m NOK 4.45m NOK
+3.4%
Operating result
+21.5k NOK +95.8k NOK
+345.1%
Net result
+2 447 NOK +65.0k NOK
+2557.3%
Equity
13.87m NOK 11.94m NOK
-13.9%
Cash
765.4k NOK 879.5k NOK
+14.9%
Total assets
1.23m NOK 566.4k NOK
-54.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.31m NOK to 4.45m NOK (+3.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +21.5k NOK → +95.8k NOK (op. margin 0.5% → 2.2%). Calculated

  • ↑

    Net result improved

    Net result +2 447 NOK → +65.0k NOK (net margin 0.1% → 1.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 765.4k NOK → 879.5k NOK (+14.9% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 13.87m NOK → 11.94m NOK (equity ratio 1125.0% → 2107.8%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 2.64× → 0.51× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 3.64m NOK → 3.66m NOK (84% → 82% of revenue). Calculated