ADVOKAT AS: årsregnskap 2013 vs 2012
Shrank 42% on revenue, weaker earnings
approved 2014-04-05; registry 2014-04-09; journal 2014 348539
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKAT AS. Revenue 1.27m NOK → 735.8k NOK (-41.9%). Net result +606.47m NOK → +256.11m NOK. Equity 679.1k NOK → 1.94m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 679.1k NOK → 1.94m NOK (equity ratio 32.4% → 86.1%). Calculated
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↑
Cash rose
Bank deposits 1.66m NOK → 1.95m NOK (+17.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.27m NOK to 735.8k NOK (-41.9% YoY). Calculated
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↓
Operating result weakened
Operating result +964.9k NOK → +309.3k NOK (op. margin 76.2% → 42.0%). Calculated
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↓
Net result weakened
Net result +606.47m NOK → +256.11m NOK (net margin 47875.6% → 34805.1%). Calculated
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↓
Payroll up without matching revenue
Salary cost -13.5k NOK → 1.23m NOK (-1% → 167% of revenue). Calculated