ADVOKAT KJELL MYRLAND AS: årsregnskap 2013 vs 2012
Grew 52% on revenue
approved 2014-06-12; registry 2014-08-27; journal 2014 716406
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKAT KJELL MYRLAND AS. Revenue 1.54m NOK → 2.34m NOK (+52.0%). Equity 5.15m NOK → -71.3k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKAT KJELL MYRLAND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.54m NOK to 2.34m NOK (+52.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +225.9k NOK → -185.4k NOK (op. margin 14.7% → -7.9%). Calculated
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↓
Equity eroded
Book equity 5.15m NOK → -71.3k NOK (equity ratio 720.1% → -8.9%). Calculated
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↓
Cash fell
Bank deposits 98.0k NOK → 93.4k NOK (-4.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.65× → 0.96× — 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 -8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.37m NOK → 1.42m NOK (89% → 61% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 79.1k NOK → 8 967 NOK (-88.7% YoY). Calculated