ADVOKATKOLLEGIET KINDEM & CO AS: årsregnskap 2019 vs 2018
Grew 9% on revenue, stronger earnings, cash halved-plus
approved 2020-04-30; registry 2020-05-28; journal 2020 373353
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATKOLLEGIET KINDEM & CO AS. Revenue 4.45m NOK → 4.84m NOK (+8.8%). Net result +65.0k NOK → +284.8k NOK. Equity 11.94m NOK → 11 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATKOLLEGIET KINDEM & CO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.45m NOK to 4.84m NOK (+8.8% YoY). Calculated
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Operating result improved
Operating result +95.8k NOK → +360.8k NOK (op. margin 2.2% → 7.4%). Calculated
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Net result improved
Net result +65.0k NOK → +284.8k NOK (net margin 1.5% → 5.9%). Calculated
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Current ratio back above 1×
Current ratio 0.51× → 2.90×. Calculated
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Owners injected capital
Paid-in equity rose 871.4k NOK → 921.4k NOK (+50.0k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 11.94m NOK → 11 NOK (equity ratio 2107.8% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 879.5k NOK → 102.4k NOK (-88.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation