ADVOKAT DAG RØED AS: årsregnskap 2009 vs 2008
Shrank 8% on revenue, stronger earnings
approved 2010-02-01; registry 2010-02-04
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVOKAT DAG RØED AS. Revenue 569.2k NOK → 523.0k NOK (-8.1%). Net result +62.6k NOK → +99.4k NOK. Equity 200.6k NOK → 300.0k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKAT DAG RØED AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +72.2k NOK → +170.4k NOK (op. margin 12.7% → 32.6%). Calculated
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↑
Net result improved
Net result +62.6k NOK → +99.4k NOK (net margin 11.0% → 19.0%). Calculated
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↑
Equity strengthened
Book equity 200.6k NOK → 300.0k NOK (equity ratio 21.7% → 322.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 569.2k NOK to 523.0k NOK (-8.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 110.4k NOK → 142.5k NOK (19% → 27% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 64.2k NOK → 24.9k NOK (-61.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 25.0k NOK → 175 NOK. Reported fact