FirmaIQ
Org.nr 913 516 850 2014 → 2015 Year-over-year analysis

ADVOKAT ERIK MØRCH AS: årsregnskap 2015 vs 2014

Grew 8% on revenue, cash halved-plus

approved 2016-04-25; registry 2016-05-09; journal 2016 407507

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ADVOKAT ERIK MØRCH AS. Revenue 519.8k NOK → 562.3k NOK (+8.2%). Net result +305.0k NOK → +253.0k NOK. Equity 335.0k NOK → 30.0k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT ERIK MØRCH AS.

At a glance

Scorecard

Revenue
519.8k NOK 562.3k NOK
+8.2%
Operating result
+417.0k NOK +343.2k NOK
-17.7%
Net result
+305.0k NOK +253.0k NOK
-17.1%
Equity
335.0k NOK 30.0k NOK
-91.0%
Cash
472.4k NOK 87.7k NOK
-81.4%
Total assets
511.7k NOK 468.0k NOK
-8.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 519.8k NOK to 562.3k NOK (+8.2% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +417.0k NOK → +343.2k NOK (op. margin 80.2% → 61.0%). Calculated

  • ↓

    Net result weakened

    Net result +305.0k NOK → +253.0k NOK (net margin 58.7% → 45.0%). Calculated

  • ↓

    Equity eroded

    Book equity 335.0k NOK → 30.0k NOK (equity ratio 65.5% → 6.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 472.4k NOK → 87.7k NOK (-81.4% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation