ADNOR ADVOKAT AS: årsregnskap 2013 vs 2012
Grew 12% on revenue
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADNOR ADVOKAT AS. Revenue 21.12m NOK → 23.63m NOK (+11.9%). Net result +29.2k NOK → +27.7k NOK. Equity 496.0k NOK → 457.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADNOR ADVOKAT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 21.12m NOK to 23.63m NOK (+11.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +5.39m NOK → +5.27m NOK (op. margin 25.5% → 22.3%). Calculated
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↓
Net result weakened
Net result +29.2k NOK → +27.7k NOK (net margin 0.1% → 0.1%). Calculated
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↓
Equity eroded
Book equity 496.0k NOK → 457.7k NOK. Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.39× → 0.36× — 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 5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 420.0k NOK → 360.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 2 NOK → 13.32m NOK (0% → 56% of revenue). Calculated