ADVOKAT IVAR BLIKRA AS: årsregnskap 2005 vs 2004
Shrank 27% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADVOKAT IVAR BLIKRA AS. Revenue 2.65m NOK → 1.94m NOK (-26.7%). Net result +890.9k NOK → +259.2k NOK. Equity 26.5k NOK → 377.2k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKAT IVAR BLIKRA AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 26.5k NOK → 377.2k NOK. Calculated
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↑
Payroll decreased
Salary cost 2.73m NOK → 847.9k NOK (103% → 44% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.65m NOK to 1.94m NOK (-26.7% YoY). Calculated
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↓
Net result weakened
Net result +890.9k NOK → +259.2k NOK (net margin 33.6% → 13.3%). Calculated
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↓
Cash fell
Bank deposits 312.1k NOK → 37.4k NOK (-88.0% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 400.0k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation