ADVOKATKOLLEGIUM AS: årsregnskap 2019 vs 2018
Slipped into loss
approved 2020-06-16; registry 2020-07-04; journal 2020 534021
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATKOLLEGIUM AS. Revenue 3.10m NOK → 3.22m NOK (+3.7%). Net result +23.9k NOK → -38.4k NOK. Equity -60.5k NOK → -98.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATKOLLEGIUM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.10m NOK to 3.22m NOK (+3.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +23.8k NOK → -38.5k NOK (op. margin 0.8% → -1.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 23.9k NOK profit to a loss of 38.4k NOK. Calculated
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↓
Equity eroded
Book equity -60.5k NOK → -98.9k NOK (equity ratio -18.4% → -31.3%). Calculated
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↓
Cash fell
Bank deposits 176.4k NOK → 124.7k NOK (-29.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 842.32× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -31.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.99m NOK → 2.05m NOK (64% → 64% of revenue). Calculated