ADVOKAT DAG BERNTSEN AS: årsregnskap 2014 vs 2013
Shrank 39% on revenue, cash halved-plus
approved 2015-04-29; registry 2015-08-24; journal 2015 740246
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVOKAT DAG BERNTSEN AS. Revenue 3.84m NOK → 2.35m NOK (-38.9%). Equity 1.21m NOK → -105.1k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADVOKAT DAG BERNTSEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -109.1k NOK → +732.6k NOK (op. margin -2.8% → 31.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.84m NOK to 2.35m NOK (-38.9% YoY). Calculated
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↓
Equity eroded
Book equity 1.21m NOK → -105.1k NOK (equity ratio 36.4% → -5.5%). Calculated
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↓
Cash fell
Bank deposits 414.9k NOK → 60.8k NOK (-85.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.48m NOK → 5.79m NOK (65% → 247% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 206.5k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 229.6k NOK → 87.4k NOK (-61.9% YoY). Calculated