ADVOKAT BERGESEN AS: årsregnskap 2010 vs 2009
Shrank 58% on revenue, returned to profit
approved 2011-04-30; registry 2011-08-24; journal 2011 629063
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVOKAT BERGESEN AS. Revenue 950.5k NOK → 400.4k NOK (-57.9%). Net result -33.5k NOK → +285.3k NOK. Equity 2.06m NOK → 2.35m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT BERGESEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -34.2k NOK → +406.7k NOK (op. margin -3.6% → 101.6%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 33.5k NOK to a profit of 285.3k NOK. Calculated
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↑
Equity strengthened
Book equity 2.06m NOK → 2.35m NOK (equity ratio 87.1% → 79.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.23× → 1.23×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 950.5k NOK to 400.4k NOK (-57.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 361.6k NOK → 386.3k NOK (38% → 96% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 183.6k NOK → 181.4k NOK. Reported fact