ADVOKAT 1 AS: årsregnskap 2014 vs 2013
Slipped into loss, cash halved-plus
approved 2015-04-28; registry 2015-05-30; journal 2015 416330
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVOKAT 1 AS. Net result +59.3k NOK → -71.6k NOK. Equity 101.6k NOK → 30.0k NOK.
Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT 1 AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result +81.7k NOK → -72.6k NOK. Calculated
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↓
Fell into a net loss
Net result flipped from 59.3k NOK profit to a loss of 71.6k NOK. Calculated
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↓
Equity eroded
Book equity 101.6k NOK → 30.0k NOK (equity ratio 26.8% → 7.6%). Calculated
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↓
Cash fell
Bank deposits 366.6k NOK → 170.5k NOK (-53.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation