Org.nr 959 458 944 2002 → 2003 Year-over-year analysis

ADVOKAT BJØRN SOLTVEDT AS: årsregnskap 2003 vs 2002

Shrank 19% on revenue, fresh owner capital

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for ADVOKAT BJØRN SOLTVEDT AS. Revenue 685.9k NOK → 558.6k NOK (-18.6%). Equity 255.1k NOK → 100.7k NOK.

On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT BJØRN SOLTVEDT AS.

At a glance

Revenue

685.9k NOK 558.6k NOK

-18.6%

Operating result

+45.7k NOK +25.3k NOK

-44.7%

Net result

n/m +10.6k NOK

—

Equity

255.1k NOK 100.7k NOK

-60.5%

Total assets

942.5k NOK 879.6k NOK

-6.7%

↑
Owners injected capital

Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact

↓
Revenue fell

Operating income / revenue moved from 685.9k NOK to 558.6k NOK (-18.6% YoY). Calculated
↓
Operating result weakened

Operating result +45.7k NOK → +25.3k NOK (op. margin 6.7% → 4.5%). Calculated
↓
Equity eroded

Book equity 255.1k NOK → 100.7k NOK (equity ratio 27.1% → 11.4%). Calculated
↓
Payroll up without matching revenue

Salary cost 509.8k NOK → 2.28m NOK (74% → 408% of revenue). Calculated