Org.nr 989 187 562 2013 → 2014 Year-over-year analysis

ADVOKAT JØRN EIKANGER AS: årsregnskap 2014 vs 2013

Shrank 6% on revenue

approved 2015-01-26; registry 2015-01-31; journal 2015 302833

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ADVOKAT JØRN EIKANGER AS. Revenue 3.20m NOK → 3.02m NOK (-5.6%). Equity 362.8k NOK → 191.0k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

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

At a glance

Revenue

3.20m NOK 3.02m NOK

-5.6%

Operating result

+1.49m NOK n/m

—

Equity

362.8k NOK 191.0k NOK

-47.4%

Cash

495.1k NOK 1.46m NOK

+195.0%

Total assets

2.00m NOK 1.92m NOK

-4.0%

↓
Revenue fell

Operating income / revenue moved from 3.20m NOK to 3.02m NOK (-5.6% YoY). Calculated
↓
Equity eroded

Book equity 362.8k NOK → 191.0k NOK (equity ratio 18.1% → 9.9%). Calculated
↓
Payroll up without matching revenue

Salary cost 2 013 NOK → 863.2k NOK (0% → 29% of revenue). Calculated

·
Thin equity buffer

Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation