ADVOKAT JAN HAMMERSENG AS: årsregnskap 2010 vs 2009
Grew 32% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVOKAT JAN HAMMERSENG AS. Revenue 378.5k NOK → 500.7k NOK (+32.3%). Net result +15.8k NOK → -146.3k NOK. Equity 121.5k NOK → -24.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKAT JAN HAMMERSENG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 378.5k NOK to 500.7k NOK (+32.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +14.9k NOK → -145.6k NOK (op. margin 3.9% → -29.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 15.8k NOK profit to a loss of 146.3k NOK. Calculated
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↓
Equity eroded
Book equity 121.5k NOK → -24.9k NOK (equity ratio 41.0% → -11.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.49× → 0.80× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -11.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 135.7k NOK → 399.9k NOK (36% → 80% of revenue). Calculated