ADVOKATKONTORET FLØIEN AS: årsregnskap 2019 vs 2018
Grew 11% on revenue
approved 2020-05-30; registry 2020-06-03; journal 2020 423743
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATKONTORET FLØIEN AS. Revenue 5.22m NOK → 5.77m NOK (+10.7%). Equity 703.6k NOK → 38.7k NOK.
On the constructive side: revenue rose; current ratio back above 1×; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATKONTORET FLØIEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.22m NOK to 5.77m NOK (+10.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.63× → 1.65×. Calculated
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↑
Payroll decreased
Salary cost 4.19m NOK → 4.09m NOK (80% → 71% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 703.6k NOK → 38.7k NOK (equity ratio 29.7% → 1.5%). Calculated
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↓
Cash fell
Bank deposits 1.05m NOK → 584.6k NOK (-44.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation