Org.nr 912 176 800 2014 → 2015 Year-over-year analysis

ADVOKAT DAG BERNTSEN AS: årsregnskap 2015 vs 2014

Shrank 45% on revenue, cash halved-plus

approved 2016-04-21; registry 2016-05-02; journal 2016 400738

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ADVOKAT DAG BERNTSEN AS. Revenue 2.35m NOK → 1.30m NOK (-44.7%). Equity -105.1k NOK → -116.8k NOK.

On the constructive side: 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 DAG BERNTSEN AS.

At a glance

Revenue

2.35m NOK 1.30m NOK

-44.7%

Operating result

+732.6k NOK -16.9k NOK

-102.3%

Net result

n/m -11.7k NOK

—

Equity

-105.1k NOK -116.8k NOK

-11.2%

Cash

60.8k NOK 22.4k NOK

-63.1%

Total assets

1.92m NOK 1.21m NOK

-37.3%

↑
Payroll decreased

Salary cost 5.79m NOK → 1 NOK (247% → 0% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.35m NOK to 1.30m NOK (-44.7% YoY). Calculated
↓
Operating result weakened

Operating result +732.6k NOK → -16.9k NOK (op. margin 31.2% → -1.3%). Calculated
↓
Equity eroded

Book equity -105.1k NOK → -116.8k NOK (equity ratio -5.5% → -9.7%). Calculated
↓
Cash fell

Bank deposits 60.8k NOK → 22.4k NOK (-63.1% YoY). Calculated

·
Thin equity buffer

Equity ratio is -9.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation