Org.nr 888 997 482 2012 → 2013 Year-over-year analysis

ADVOKAT FINN OVE SMITH AS: årsregnskap 2013 vs 2012

Shrank 6% on revenue

approved 2014-04-28; registry 2014-05-17; journal 2014 401772

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ADVOKAT FINN OVE SMITH AS. Revenue 5.07m NOK → 4.76m NOK (-6.0%). Equity 8.82m NOK → 2.17m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Net tougher year on the published lines.

At a glance

Revenue

5.07m NOK 4.76m NOK

-6.0%

Operating result

+1.87m NOK +1.85m NOK

-0.8%

Equity

8.82m NOK 2.17m NOK

-75.4%

Cash

1.87m NOK 1.60m NOK

-14.5%

Total assets

4.32m NOK 3.20m NOK

-25.8%

↑
Payroll decreased

Salary cost 2.07m NOK → 2.00m NOK (41% → 42% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 5.07m NOK to 4.76m NOK (-6.0% YoY). Calculated
↓
Operating result weakened

Operating result +1.87m NOK → +1.85m NOK (op. margin 36.9% → 38.9%). Calculated
↓
Equity eroded

Book equity 8.82m NOK → 2.17m NOK (equity ratio 204.1% → 67.7%). Calculated
↓
Cash fell

Bank deposits 1.87m NOK → 1.60m NOK (-14.5% YoY). Calculated