ADVOKAT BJØRN SOLTVEDT AS: årsregnskap 1993 vs 1992
Shrank 30% on revenue
Summary
What changed
Comparing Årsregnskap 1993 with 1992 for ADVOKAT BJØRN SOLTVEDT AS. Revenue 1.71m NOK → 1.20m NOK (-29.7%). Equity 135.2k NOK → 25.6k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT BJØRN SOLTVEDT AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.60× → 2.38×. Calculated
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↑
Payroll decreased
Salary cost 613.0k NOK → 483.2k NOK (36% → 40% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.71m NOK to 1.20m NOK (-29.7% YoY). Calculated
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↓
Operating result weakened
Operating result +75.7k NOK → +36.2k NOK (op. margin 4.4% → 3.0%). Calculated
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↓
Equity eroded
Book equity 135.2k NOK → 25.6k NOK (equity ratio 84.1% → 5.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation