ADVOKAT CAMILLA HAGEN AS: årsregnskap 2011 vs 2010
Shrank 71% on revenue, cash halved-plus, fresh owner capital
approved 2012-09-14; registry 2012-10-08; journal 2012 795665
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVOKAT CAMILLA HAGEN AS. Revenue 397.2k NOK → 114.4k NOK (-71.2%). Equity 6.11m NOK → 13 NOK.
On the constructive side: owners injected capital; 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 CAMILLA HAGEN AS.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 105 NOK → 100.0k NOK (+99.9k NOK). Reported fact
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↑
Payroll decreased
Salary cost 41.3k NOK → 1 NOK (10% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 397.2k NOK to 114.4k NOK (-71.2% YoY). Calculated
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↓
Operating result weakened
Operating result +152.4k NOK → -235.7k NOK (op. margin 38.4% → -206.1%). Calculated
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↓
Equity eroded
Book equity 6.11m NOK → 13 NOK (equity ratio 1584.9% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 173.9k NOK → 81.2k NOK (-53.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.19× → 0.44× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation