ADVOKATSELSKAPET ANGELL AS: årsregnskap 2018 vs 2017
Grew 22% on revenue
approved 2019-04-26; registry 2019-04-30; journal 2019 318522
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATSELSKAPET ANGELL AS. Revenue 997.9k NOK → 1.22m NOK (+22.0%). Equity 6 658 NOK → -29.1k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATSELSKAPET ANGELL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 997.9k NOK to 1.22m NOK (+22.0% YoY). Calculated
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↑
Cash rose
Bank deposits 103.8k NOK → 128.3k NOK (+23.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +14.8k NOK → -36.6k NOK (op. margin 1.5% → -3.0%). Calculated
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↓
Equity eroded
Book equity 6 658 NOK → -29.1k NOK (equity ratio 3.6% → -11.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.90× — 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 -11.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation