ADVOKAT CAMILLA HAGEN AS: årsregnskap 2012 vs 2011
Shrank 13% on revenue, returned to profit
approved 2013-06-26; registry 2013-08-31; journal 2013 710344
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVOKAT CAMILLA HAGEN AS. Revenue 114.4k NOK → 100.0k NOK (-12.6%). Net result -235.6k NOK → +87.9k NOK. Equity 13 NOK → -33.2k NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
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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Operating result improved
Operating result -235.7k NOK → +90.2k NOK (op. margin -206.1% → 90.2%). Calculated
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Turned profitable
Net result flipped from a loss of 235.6k NOK to a profit of 87.9k NOK. Calculated
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Cash rose
Bank deposits 81.2k NOK → 141.5k NOK (+74.2% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 114.4k NOK to 100.0k NOK (-12.6% YoY). Calculated
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Equity eroded
Book equity 13 NOK → -33.2k NOK (equity ratio 0.0% → -6.7%). Calculated
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Payroll up without matching revenue
Salary cost 1 NOK → 130.5k NOK (0% → 130% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -6.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation