ADVOCATOR ADVOKATFIRMA AS: årsregnskap 2014 vs 2013
Grew 42% on revenue
approved 2015-03-18; registry 2015-06-10; journal 2015 445059
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVOCATOR ADVOKATFIRMA AS. Revenue 4.11m NOK → 5.83m NOK (+41.8%). Equity 401.8k NOK → 167.8k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOCATOR ADVOKATFIRMA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.11m NOK to 5.83m NOK (+41.8% YoY). Calculated
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↑
Cash rose
Bank deposits 516.3k NOK → 590.4k NOK (+14.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 401.8k NOK → 167.8k NOK (equity ratio 24.1% → 7.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.21× → 0.28× — 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 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 5 NOK → 3.25m NOK (0% → 56% of revenue). Calculated