FirmaIQ
Org.nr 951 336 637 2014 → 2015 Year-over-year analysis

ADVOKAT EVEN RØNVIK AS: årsregnskap 2015 vs 2014

Shrank 32% on revenue, weaker earnings, cash halved-plus

approved 2016-04-26; registry 2016-05-04; journal 2016 404701

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ADVOKAT EVEN RØNVIK AS. Revenue 5.02m NOK → 3.40m NOK (-32.3%). Net result +2.29m NOK → +1.34m NOK. Equity 15.91m NOK → 12.24m NOK.

Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKAT EVEN RØNVIK AS.

At a glance

Scorecard

Revenue
5.02m NOK 3.40m NOK
-32.3%
Operating result
+2.70m NOK n/m
—
Net result
+2.29m NOK +1.34m NOK
-41.6%
Equity
15.91m NOK 12.24m NOK
-23.0%
Cash
15.96m NOK 6.20m NOK
-61.1%
Total assets
16.98m NOK 13.01m NOK
-23.4%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.02m NOK to 3.40m NOK (-32.3% YoY). Calculated

  • ↓

    Net result weakened

    Net result +2.29m NOK → +1.34m NOK (net margin 45.6% → 39.3%). Calculated

  • ↓

    Equity eroded

    Book equity 15.91m NOK → 12.24m NOK (equity ratio 93.7% → 94.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 15.96m NOK → 6.20m NOK (-61.1% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.10m NOK → 1.33m NOK (22% → 39% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (15.96m NOK → 6.20m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation