FirmaIQ
Org.nr 996 467 511 2018 → 2019 Year-over-year analysis

ADVOKATORIET AS: årsregnskap 2019 vs 2018

Shrank 19% on revenue, weaker earnings, cash halved-plus

approved 2020-04-07; registry 2020-04-18; journal 2020 294543

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATORIET AS. Revenue 3.99m NOK → 3.22m NOK (-19.2%). Net result +114.5k NOK → +8 923 NOK. Equity 600.3k NOK → 591.4k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADVOKATORIET AS.

At a glance

Scorecard

Revenue
3.99m NOK 3.22m NOK
-19.2%
Operating result
+143.0k NOK +2 270 NOK
-98.4%
Net result
+114.5k NOK +8 923 NOK
-92.2%
Equity
600.3k NOK 591.4k NOK
-1.5%
Cash
1.56m NOK 519.4k NOK
-66.6%
Total assets
2.57m NOK 1.33m NOK
-48.3%

What improved

  • ↑

    Payroll decreased

    Salary cost 2.15m NOK → 1.79m NOK (54% → 56% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.99m NOK to 3.22m NOK (-19.2% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +143.0k NOK → +2 270 NOK (op. margin 3.6% → 0.1%). Calculated

  • ↓

    Net result weakened

    Net result +114.5k NOK → +8 923 NOK (net margin 2.9% → 0.3%). Calculated

  • ↓

    Equity eroded

    Book equity 600.3k NOK → 591.4k NOK (equity ratio 23.4% → 44.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.56m NOK → 519.4k NOK (-66.6% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.56m NOK → 519.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 83.7k NOK → 43.7k NOK. Reported fact